Thursday, 10 October 2013

Debt limit brinkmanship 'dangerous'

Source BBC News@ tienganhvui.com


Capitol HillThe US government could run out of money sometime after 17 October



US Treasury Secretary Jack Lew has warned that pushing talks over the debt ceiling to the last minute could be "very dangerous".


He said that the US government could suddenly run out of money some time after 17 October, which would have "serious" repercussions.


He also warned that the Treasury's payment systems are not designed to work with no funds for payment.


According to Mr Lew that would make it difficult to prioritise payments.





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