Lew Says U.S. Borrowing Power May Not Last Past Feb. 27
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U.S. Treasury Secretary Jacob J. Lew said U.S. borrowing authority may not last past Feb. 27 and urged Congress to extend the debt ceiling as soon as possible.
Extraordinary measures used by the Treasury to keep under the debt ceiling “are likely to be exhausted in less than three weeks,” Lew said today in a letter to House Speaker John Boehner, a Republican from Ohio.