posted on Jan, 30 2014 @ 11:15 PM
The U.S. Treasury Secretary Jack Lew told some Democrat Senators the debt borrowing limit will run out soon and that they should not negotiate with
Republicans because they might want to attach other things to any bill.
Although it's likely that a debt bill would come from the House, Mr Lew apparently thought it appropriate to mention this anyway.
I don't know what he thinks will happen if his "policy" recommendation leads to another shutdown?
Perhaps he is confident that Obama can just issue an Order or Memo?
The U.S. has added around $600 Billion to the national debt since the 2014 fiscal year started Oct 1st.
Lew says the borrowing limit will end Feb 7th and he would only be able to finagle the books for a few weeks this time.
With elections coming in November, the Republicans might just give in and then use the failure against Democrats.
Lew urges Senate Dems to hold firm on debt
Treasury Secretary Jack Lew huddled with Senate Democrats at lunch on Thursday, telling them not to negotiate with Republicans on the debt ceiling.
Lew reminded lawmakers that the nation’s ability to borrow officially ends Feb. 7 and that while the Treasury was able to buy months of time in the
past, its toolbox of “extraordinary measures” will last less than a month this time around. Lew has said the government could miss a payment by
the end of February.
“He was just confirming that we need to pass a debt ceiling in February. He said he have to pay our bills and you don’t negotiate over that,”
Sen. Barbara Boxer (D-Calif.) said.