Treasury Secretary Says U.S. To Hit Debt Ceiling In Mid-October

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Treasury Secretary Says U.S. To Hit Debt Ceiling In Mid-October

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Treasury Secretary Says U.S. To Hit Debt Ceiling In Mid-October

by Wochit 0:51 mins

Treasury Secretary Says U.S. To Hit Debt Ceiling In Mid-October

by Wochit 0:51 mins

Treasury Secretary Jacob Lew said The US will hit its statutory debt ceiling in mid-October, raising the chance that the government will be forced to default on its debts. Hedge fund manager William Ackman, the single biggest shareholder in J.C. Penney , is selling his stake in the retailer. Ackman's $11 billion Pershing Square Capital Management is offering its roughly 39.1 million shares for sale and used Citigroup as the bookrunner for the deal, A source close to the matter said Goldman Sachs lost tens of millions of dollars after a computer glitch led to a flood of erroneous options trades last week,

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