“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

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy