Lew: Debt ceiling must be raised by Feb. 27
February 7th, 2014
04:11 PM ET
9 years ago

Lew: Debt ceiling must be raised by Feb. 27

New York (CNNMoney) - Treasury Secretary Jack Lew told Congressional leaders Friday in essence that the full faith and credit of the United States could be in jeopardy after Feb. 27 if lawmakers don't raise the debt ceiling.

That's when Lew now estimates Treasury will run out of special accounting maneuvers to ensure all the country's bills are paid in full and on time.


Filed under: CNNMoney.com • Jack Lew
soundoff (13 Responses)
  1. Dutch/Bad Newz, VA -aka- Where's Our $24 Billion?

    Let's wait until the 11th hour is the republicans agenda. They should go ahead and raise it now! No strings attached.

    February 7, 2014 04:25 pm at 4:25 pm |
  2. Sniffit

    What the GOP/Teatrolls heard: "We have only 20 more days to make a mess of this and drag it out while pretending to hold it hostage for ransom demands in order to hurt the economy's recovery by creating uncertainty and fear...and then we'll have to pass it at the last second or take the blame for blowing up the global economy."

    February 7, 2014 04:26 pm at 4:26 pm |
  3. rs

    Should we set up a pool to see if the GOP self-inflicts another near-fatal wound on itself over the debt ceiling?
    What duration for the shutdown?
    What element of the government held hostage?
    How long until they blame Democrats for the debacle?
    GOP approval rating at the end?

    February 7, 2014 04:30 pm at 4:30 pm |
  4. rs

    I'll open with:
    7 days; ACA and/or Keystone XL; 1 day; 15%

    February 7, 2014 04:32 pm at 4:32 pm |
  5. basedonfact

    They passed a budget that requires raising the debt ceiling. Now they want to renege on that agreement in exchange for PAYING THEIR OWN BILLS

    February 7, 2014 05:23 pm at 5:23 pm |
  6. Name jk. Sfl. GOP CRUZ lee&rubio 24billion dallar LOSS of your tax money conservatives,the garbage of America.

    Come on GOP and Cruz and Rubio the teaparty clowns, commite political sucide AGAIN. I don't bonner can get his GOP teaparty slobs together to pass it!!!

    February 7, 2014 05:26 pm at 5:26 pm |
  7. Pete Fleischhacker

    Just once could this nation act like a grown-up and try to live within its means?

    February 7, 2014 05:35 pm at 5:35 pm |
  8. Wake up People!

    Ok Smith, I can admit when I'm wrong and I was wrong. You said the " gop klan. I have no idea what any members of the GOP donated to, however I did read over and over that the klan donated money to GZ for his defense.

    February 7, 2014 05:41 pm at 5:41 pm |
  9. Me

    Go ahead raise the debt, in fact just make it unlimited. After all it's just funny money and a debt base fiat currency.

    February 7, 2014 05:55 pm at 5:55 pm |
  10. Thomas

    When will Ted Cruz come out of his hole and read us another children's story .

    Dose anybody know how much Cruz made Directly or Indirectly off government shutdown ?

    February 7, 2014 06:03 pm at 6:03 pm |
  11. Rick McDaniel

    Or what?????? That is the question.

    Overspending, is not sufficient reason to increase the debt ceiling. That simply identifies irresponsible management, of the budget.

    We already have debt of over 17 trillion.........it HAS TO STOP GROWING!

    February 7, 2014 06:10 pm at 6:10 pm |
  12. GI Joe

    I don't think we can drink oil from Canada once all the clean water is polluted here in the U.S. Look at what that Canadian oil is doing to Canada. Like fish? Forget about it.

    We still have to pay off the 2 wars and all the other stuff the congress approved the spending for. And 35 permanent jobs for KXL wont create much in taxes. The filth will kill this country. It will make the Koch's wealthier, and a few fat cats in TX. It will kill our kids and us.

    February 7, 2014 11:43 pm at 11:43 pm |
  13. Marie MD

    @Thomas, rafaelito the Canadian won't be reading us another children's story. He's too busy rewriting history. Let's see if CNN posts what I copied below. Videos of your campaign don't lie, Canadian terrorist.
    "Throughout the government shutdown, I opposed a government shutdown," Cruz said. "I said we shouldn't shut down the government. I think it was a mistake that President Obama and the Democrats shut the government down this fall. The reason they did so is that President Obama dug in and said he wouldn't compromise and he wouldn't negotiate."An incredulous Schieffer asked: "If you didn't threaten to shut down the government, who was it that did?"Harry Reid and President Obama, Cruz replied. "Why is it hard to understand that they [Democrats] forced a shutdown when they think it benefits them politically?" Cruz asked.

    February 8, 2014 07:55 am at 7:55 am |