Treasury Secretary: Debt Ceiling Needs to be Raised, Again

                                                             Jacob Lew

                                                             Jacob Lew

US Secretary of the Treasury, Jacob Lew, again is stating that the USA needs to increase its debt ceiling:

On Wednesday, Treasury Secretary Jack Lew sent legislative leaders a little reminder about another contentious item: the debt ceiling.

Lew’s basic message was that the debt ceiling needs to be raised, and the sooner the better.

But if “soon” isn’t on the agenda, Treasury’s special accounting measures, in use since March, will likely buy lawmakers until at least mid-fall before they have to act.