Thursday, October 1, 2015

Washington's new deadline for a deal or disaster is here, and it's earlier than expected

The Treasury will run out of cash by Nov. 5 unless Congress raises the debt ceiling, Treasury Secretary Jacob J. Lew said Thursday in a letter to House Speaker John Boehner (R-Ohio).Lew said that by that date the Treasury would "exhaust its extraordinary measures" and have $30 billion in cash, less than is often needed for a single day of federal government expenditures.Read full article >>...(read more)
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