“Congress needs to raise the debt limit and take away the ‘cloud of uncertainty’ about the nation’s ability to pay its bills, Treasury Secretary Jack Lew said. ‘The fight over the debt limit in 2011 hurt the economy, even though, in the end, we saw an extension of the debt limit. We saw confidence fall, and it hurt the economy. Congress needs to do its job. It needs to finish its work on appropriation bills. It needs to pass a debt limit,’ Lew said on NBC’s Meet The Press. Senior lawmakers on Capitol Hill are trying to come up with must-do legislation to keep federal agencies running after Sept. 30 and prevent the possibility of a government shutdown.”
http://www.moneynews.com/Economy/Lew-Congress-debt-limit/2013/07/28/id/517388
Related posts:
Bankers Balking at Bitcoin in U.S. as Real-World Obstacles Mount
Senate approves Obama request to arm, train Syrian rebels
Russia seeks safe haven in gold, away from dollar and euro
The Most Expensive Mile of Subway Track on Earth
Functioning guillotine to be auctioned in France
A surprising map of the countries that are most and least welcoming to foreigners
Rampant recycling fraud is draining California cash
Second NM driver gets cavity searched after stop for failure to signal
Official: Water quality complaints could be 'act of terrorism'
CCTV cameras being used in school changing rooms and toilets
EBay considering accepting bitcoin as payment
Australian TV networks reject anti-Rupert Murdoch commercial
Top U.S. railroad official resigns after 'consulting' income surfaces
NSA routinely spied on phone records unrelated to terrorism cases
ECB Said to Consider Minus 0.1 Percent Deposit Rate