Treasury Secretary Lew To Testify On Debt Limit Before Senate Panel Today


Treasury Secretary Jack Lew is scheduled to testify on the potential consequences of breaching the debt ceiling before the Senate Finance Committee today at 8 a.m. ET, the committee announced.

Lew urged Congress to increase the United State’s borrowing authority before the Oct. 17 deadline in a USA Today op-ed last week, warning that the stock market could tumble and that Americans who rely on Social Security, Medicare and other assistance programs will be adversely affected if the country can’t pay its bills.