TITLE

Treasury sees more debt room

AUTHOR(S)
Investor's Business Daily
PUB. DATE
May 2013
SOURCE
Investors Business Daily;5/20/2013, pA02
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
Special bookkeeping measures to avoid a default on federal debt service can give lawmakers until "after Labor Day" before they must lift the debt ceiling, Treasury Sec'y Jacob Lew said in a letter to Congress. That implies a little more leeway than what was seen earlier this month, when he predicted the measures would buy enough time "until Labor Day," which falls on Sept. 2. Earlier this year, Congress suspended the $16.39 tril debt ceiling through May 18.
ACCESSION #
87638796

 

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