Lew urges quick increase in US borrowing limit

By Martin Crutsinger

Published October 10, 2013 2:53pm ET

Add Washington Examiner on Google

Lew urges quick increase in US borrowing limit — Treasury Secretary Jacob Lew, right, follows Senate Finance Committee Chairman Sen. Max Baucus, D-Mont., on Capitol Hill in Washington, Thursday, Oct. 10, 2013, prior to Lew testifying before the committee. Lew headed to Capitol Hill to both give and get a public scolding. Lew's appearance before the Senate Finance Committee promised to be yet another public restatement of the administration's stance that Congress needs to reopen the government and lift the U.S. borrowing cap before Obama will negotiate over the nation's budget ills. (AP Photo/ Evan Vucci) | Evan Vucci

WASHINGTON (AP) — Treasury Secretary Jacob Lew on Thursday urged Congress to raise the government’s borrowing limit before Oct. 17, warning that a Republican idea to prioritize payments with cash on hand could cause “irrevocable damage” to the U.S. economy.

Print subscriber? Click here to login/register your account

Digital subscriber? Click here to login/register your account.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.

Tag:

Nation