Finance Minister Jacob Lew need to make special efforts to maintain the function on its books until Congress increases the government 's debt ceiling .
The U.S. federal government is expected to obtain a new loan limit of Friday , nearly four months after the government recovered from temporary closure in October and the federal debt crisis that hit .
The new debt ceiling is expected to amount to about $ 17.2 trillion . This means that the Finance Minister Jacob Lew need to make special efforts to maintain the function of the government's books until Congress increase the debt ceiling .
In a letter Friday to leaders in Congress , Lew warned that he has a little more wiggle room than last year , when a special effort should be sufficient to keep the government running for five months with the old debt ceiling is $ 16.7 trillion .
Lew said that he could not be sure of this particular effort will last through February 27 .
`` On that date , the Treasury will only have the funds in cash and incoming revenue to meet the obligations of the state , '' said Lew . He said the total amount of cash will be around $ 50 billion .
Lew said the `` time is short ' , especially considering Congress is scheduled to recess for some time within the next three weeks .
`` I respectfully ask Congress to move quickly , increasing the debt ceiling and give certainty to the economy and financial markets , '' said Lew .
Lawmakers suspend the provision of a new debt ceiling in October in exchange for stopping the temporary closure of the Federal government . The debt ceiling is expected to be restored to the amount of total debt , at the end of Friday.U.S. to Can $ 17 Trillion Debt Ceiling Friday
Finance Minister Jacob Lew need to make special efforts to maintain the function on its books until Congress increases the government 's debt ceiling .
The U.S. federal government is expected to obtain a new loan limit of Friday , nearly four months after the government recovered from temporary closure in October and the federal debt crisis that hit .
The new debt ceiling is expected to amount to about $ 17.2 trillion . This means that the Finance Minister Jacob Lew need to make special efforts to maintain the function of the government's books until Congress increase the debt ceiling .
In a letter Friday to leaders in Congress , Lew warned that he has a little more wiggle room than last year , when a special effort should be sufficient to keep the government running for five months with the old debt ceiling is $ 16.7 trillion .
Lew said that he could not be sure of this particular effort will last through February 27 .
`` On that date , the Treasury will only have the funds in cash and incoming revenue to meet the obligations of the state , '' said Lew . He said the total amount of cash will be around $ 50 billion .
Lew said the `` time is short ' , especially considering Congress is scheduled to recess for some time within the next three weeks .
`` I respectfully ask Congress to move quickly , increasing the debt ceiling and give certainty to the economy and financial markets , '' said Lew .
Lawmakers suspend the provision of a new debt ceiling in October in exchange for stopping the temporary closure of the Federal government . The debt ceiling is expected to be restored to the amount of total debt , at the end of Friday.U.S. to Can $ 17 Trillion Debt Ceiling Friday
Finance Minister Jacob Lew need to make special efforts to maintain the function on its books until Congress increases the government 's debt ceiling .
The U.S. federal government is expected to obtain a new loan limit of Friday , nearly four months after the government recovered from temporary closure in October and the federal debt crisis that hit .
The new debt ceiling is expected to amount to about $ 17.2 trillion . This means that the Finance Minister Jacob Lew need to make special efforts to maintain the function of the government's books until Congress increase the debt ceiling .
In a letter Friday to leaders in Congress , Lew warned that he has a little more wiggle room than last year , when a special effort should be sufficient to keep the government running for five months with the old debt ceiling is $ 16.7 trillion .
Lew said that he could not be sure of this particular effort will last through February 27 .
`` On that date , the Treasury will only have the funds in cash and incoming revenue to meet the obligations of the state , '' said Lew . He said the total amount of cash will be around $ 50 billion .
Lew said the `` time is short ' , especially considering Congress is scheduled to recess for some time within the next three weeks .
`` I respectfully ask Congress to move quickly , increasing the debt ceiling and give certainty to the economy and financial markets , '' said Lew .
Lawmakers suspend the provision of a new debt ceiling in October in exchange for stopping the temporary closure of the Federal government . The debt ceiling is expected to be restored to the amount of total debt , at the end of Friday.
U.S. to Can $ 17 Trillion Debt Ceiling Friday
Finance Minister Jacob Lew need to make special efforts to maintain the function on its books until Congress increases the government 's debt ceiling .
The U.S. federal government is expected to obtain a new loan limit of Friday , nearly four months after the government recovered from temporary closure in October and the federal debt crisis that hit .
The new debt ceiling is expected to amount to about $ 17.2 trillion . This means that the Finance Minister Jacob Lew need to make special efforts to maintain the function of the government's books until Congress increase the debt ceiling .
In a letter Friday to leaders in Congress , Lew warned that he has a little more wiggle room than last year , when a special effort should be sufficient to keep the government running for five months with the old debt ceiling is $ 16.7 trillion .
Lew said that he could not be sure of this particular effort will last through February 27 .
`` On that date , the Treasury will only have the funds in cash and incoming revenue to meet the obligations of the state , '' said Lew . He said the total amount of cash will be around $ 50 billion .
Lew said the `` time is short ' , especially considering Congress is scheduled to recess for some time within the next three weeks .
`` I respectfully ask Congress to move quickly , increasing the debt ceiling and give certainty to the economy and financial markets , '' said Lew .
Lawmakers suspend the provision of a new debt ceiling in October in exchange for stopping the temporary closure of the Federal government . The debt ceiling is expected to be restored to the amount of total debt , at the end of Friday|.voa
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