Lew Moves to Stay Under Debt Limit While Warning of Dire Outcome
This article is for subscribers only.
Treasury Secretary Jacob J. Lew took more steps to keep the U.S. under the federal debt ceiling and urged Congress to raise the limit to avoid “potentially catastrophic consequences.”
The Treasury Department today declared a “debt issuance suspension period” for the Civil Service Retirement and Disability Fund. The suspension begins today and runs until Feb. 27, Lew said in a letter to House Speaker John Boehner.