U.S. Treasury Taking Steps To Stay Under Debt Ceiling

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U.S. Treasury Taking Steps To Stay Under Debt Ceiling

by Wochit 0:31 mins

U.S. Treasury Taking Steps To Stay Under Debt Ceiling

by Wochit 0:31 mins

Treasury Secretary Jacob Lew warned lawmakers emergency measures to stay under the U.S. debt limit probably won't last past Feb. 27, leaving little time to craft a deal that can clear Congress. The federal government is set to run up against its legal borrowing limit Friday, when a suspension of the debt ceiling expires, preventing it from adding to its more than $17 trillion in public debt.

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