Beltway Confidential

Treasury sets hard Oct. 17 debt limit deadline

By Conn Carroll
Published September 25, 2013 12:00am ET
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Treasury sets hard Oct. 17 debt limit deadline
Republicans and Democrats may seem far apart as deadlines approach for legislation to authorize federal government spending and borrowing for the next fiscal year. (Photo: Thinkstock) | C. Diane O'Keefe

Treasury Secretary Jack Lew sent a letter to Speaker John Boehner, R-Ohio, Wednesday, informing him that the federal government’s debt limit must be raised before Oct. 17, or the United States government will not have sufficient cash on hand to meet all of its financial obligations.

Earlier, Lew had informed Boehner that the federal government’s borrowing capacity would be exhausted “in the middle of October.” Now, Lew writes:

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Beltway Confidential Budgets and Deficits Conn Carroll Debt Ceiling Jack Lew John Boehner Rand Paul Senate Syria Treasury Department