Debt ceiling crunch no later than Oct. 17
September 25th, 2013
09:42 AM ET
7 months ago

Debt ceiling crunch no later than Oct. 17

New York (CNNMoney) – Treasury to Congress: The heat's on to raise the country's debt ceiling.

Treasury Secretary Jack Lew said Wednesday he now estimates he will have less cash on hand to pay the country's bills in mid-October than he previously thought.

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Filed under: Congress • Debt • Jack Lew
soundoff (10 Responses)
  1. Data Driven

    Ticktock, ticktock, Republicans.

    Ticktock.

    September 25, 2013 09:46 am at 9:46 am |
  2. S.B. Stein

    If the Republicans could have the wealthy pay for things like bullets and tank and those things that they like in large numbers, it would be a good step. There could be signs on the trucks delivering them that these were sponsored by these people.

    September 25, 2013 09:53 am at 9:53 am |
  3. Alan S.

    I look foward to not recieving my entitlement funds, it's time for a wake up call in America! To many Americans have been more concerned with "Honey Boo Boo or the next episode of Breaking Bad" while they over stuff themselves with Twinkies and drown themselves with Soda rather than have any personal concerns for their physical and financial health. The cost to our system for these type of attitude is in the Trillions of Dollars due to lost productivity and extreme health care costs. Cocka-Doddle-Doo....time to wake up to reality.

    September 25, 2013 10:06 am at 10:06 am |
  4. Rudy NYC

    Data Driven wrote

    Ticktock, ticktock, Republicans. Ticktock.
    ------------
    Everytime Republicans force another one these manufactured crises upon us they somehow manage to find another way to paint themselves into a corner, which seems to only further their rage. I'm anxious to see what their next self-inflicted wound will be.

    September 25, 2013 10:21 am at 10:21 am |
  5. Dutch/Bad Newz, VA -aka- Take Back The House -aka- No Redemption Votes

    No negotiating on the debt ceiling, Period!!!

    September 25, 2013 10:35 am at 10:35 am |
  6. Data Driven

    You sound worried, Alan S. You can try to bluff your way out of it by saying, "Yeah, that's the ticket, I don't WANT my Social Security check because other people who get Social Security checks eat Twinkies and watch Honey Boo Boo, so THERE!" all you like, but that's what we used to call a "deflection" in debate class, and it won't stop the coming Republican Armageddon.

    Ticktock.

    September 25, 2013 10:40 am at 10:40 am |
  7. The Real Tom Paine

    The GOP really does not understand they have responsibilities other than keeping their shrinking base happy, do they?

    September 25, 2013 10:49 am at 10:49 am |
  8. Data Driven

    I agree, Rudy. And I hope I'm right about this, but this episode may be the final act of self-immolation from the modern GOP. By all economic considerations, they should take back the Senate in 14 and maybe the White House in 16. But they won't because of their healthcare meltdown. Their voters will start to wonder why they lost. And hopefully they'll quietly turn away until the party finds sanity again. We shall see.

    September 25, 2013 10:54 am at 10:54 am |
  9. Rudy NYC

    Data Driven wrote:

    By all economic considerations, they should take back the Senate in 14 and maybe the White House in 16. But they won't because of their healthcare meltdown. Their voters will start to wonder why they lost. And hopefully they'll quietly turn away until the party finds sanity again. We shall see.
    --------------------------–
    I seriously doubt that the right wing base will ever question their leadership. Leadership means much more on the right thatn what it does on the left. The right wing emphasizes leadership so much so that the net result is that the voting base listens to and goes along with whatever they are told, irregardless of facts and reality. Anyone not conforming to the leadership is taking a big risk, which is why you see it so seldom done. Only the most dire and extreme of circumstances or individuals would make those risks look more appealing than the consequences of not conforming to the prevailing opinions.

    September 25, 2013 11:21 am at 11:21 am |
  10. Gunderson

    Fiscal Responsaibility, what dat? Oh, Gunderson know. Nero and Fiddle. Vaudville, Red Ink Express. With your money and my brains, we go places, No?

    September 25, 2013 11:59 am at 11:59 am |