The Nat’l Debt Limit Debate is Upon Us… Again!
Will It Impact Legislative Agenda ?
U.S. Treasury Secretary Jack Lew sent a letter to Congress on January 22 strongly urging Congress to again increase the U.S. borrowing authority “before February 7 to ensure orderly financing of the government.” Lew warned Congress in an earlier letter on December 19 estimating that the U.S. debt limit would be reached by late February or early March. The most recent calculations and information available have led Treasury to “believe that it is more likely to exhaust those measures in late February.”
The nations debt is currently $17.34 trillion.…