Treasury Secretary Lew To Testify On Debt Limit

|
October 7, 2013 12:54 p.m.

Treasury Secretary Jacob Lew will testify at a Senate Finance Committee hearing on the debt ceiling on Thursday, a week before the Oct. 17 deadline when Congress must raise the statutory limit on borrowing authority or plunge the nation into default.

Lew spoke on multiple talk shows on Sunday, warning that if the U.S. defaults on its debt, the nation’s economy could see major negative impacts.

“This brinkmanship over and over again is bad for the economy,” Lew said on Fox News Sunday. “We’re the world leader. We’re the strongest, deepest economy in the world. Our currency is the world’s reserve currency.”

The Senate Finance Committee hearing will take place at 8:30 a.m. Thursday.

Introducing
The TPM Journalism Fund: A New Way To Support TPM
We're launching the TPM Journalism Fund as an additional way for readers and members to support TPM. Every dollar contributed goes toward:
  • -Hiring More Journalists
  • -Providing free memberships to those who cannot afford them
  • -Supporting independent, non-corporate journalism
Are you experiencing financial hardship?
Apply for a free community-supported membership
Comments
advertisement
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Senior Editor:
Special Projects Editor:
Editor at Large:
General Counsel:
Publisher:
Head of Product:
Director of Technology:
Associate Publisher:
Front-End Developer:
Senior Designer:
SPECIAL DEAL FOR PAST TPM MEMBERS
40% OFF AN ANNUAL PRIME MEMBERSHIP
REJOIN FOR JUST $30