Treasury Secretary Jack Lew on Thursday said that the federal government will hit the federal debt ceiling at some point in late February or early March, according to the Huffington Post.
"While this forecast is subject to inherent variability, we do not foresee any reasonable scenario in which the extraordinary measures would last for an extended period of time -- principally because the government experiences large net cash outflows in February and March due to tax refunds," Lew wrote in a letter to Congress obtained by the Huffington Post.
Read More →