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Economy

Treasury’s Jack Lew: Reform the debt ceiling

By Joseph Lawler
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Treasury’s Jack Lew: Reform the debt ceiling

Treasury Secretary Jack Lew thinks it might be time to revisit the wisdom of the debt ceiling.

“I think the whole idea of debt limit reform is something we probably should think about,” Lew said Tuesday, citing the damage to consumer and business confidence that followed this year’s and 2011’s political showdowns over raising the statutory cap on U.S. debt.

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Budgets and Deficits Debt Ceiling Government Shutdown Jack Lew Joseph Lawler PennAve Treasury Department