US to hit debt ceiling in mid-October

GMT 21:03 2013 Monday ,26 August

Arab Today, arab today US to hit debt ceiling in mid-October

Arab Today

The US will hit its statutory debt ceiling in mid-October, making it hard for the government to meet all of its obligations after that, Treasury Secretary Jacob Lew said Monday. In a letter to Congress, Lew urged legislators to raise the limit from the current $16.7 trillion, saying to not do so "would cause irreparable harm to the American economy."

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