Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
October 7, 2015

Lew Warns Congress Must Act on Debt Limit in February (Updated)

(Chris Maddaloni/CQ Roll Call File Photo)

(Chris Maddaloni/CQ Roll Call File Photo)

Updated 4:47 p.m. | Treasury Secretary Jacob J. Lew is renewing calls for Congress to act to raise the debt limit in February.

Lew explained that the extraordinary measures are likely to run out sooner rather than later, and that there is less flexibility in February than at some other points in the year. The Treasury Department now expects the debt limit endgame to arrive in late February, rather than in March.

“While this forecast is subject to inherent variability, we do not foresee any reasonable scenario in which the extraordinary measures would last for an extended period of time,” Lew wrote in a letter to congressional leaders.

“The significantly smaller amount of headroom that can be freed up now will quickly be exhausted by the large obligations of the government that occur in the month of February. Protecting the full faith and credit of the United States is the responsibility of Congress, because only Congress can extend the nation’s borrowing authority. No Congress in our history has failed to meet that responsibility,” Lew wrote. “I respectfully urge Congress to provide certainty and stability to the economy and financial markets by acting to raise the debt limit before February 7, 2014, and certainly before late February.”

Response on Capitol Hill to Lew’s latest warning was swift and predictable, with Democrats pushing for a “clean” increase in borrowing authority and Republicans calling for including other provisions related to the debt and deficit into any deal.

Senate Budget Chairwoman Patty Murray, D-Wash., called for an increase with no strings attached.

“With the bipartisan agreements on the budget and on funding the government for this year, we have an opportunity to move past the manufactured crises and work together on real challenges. I hope Republicans will listen to Secretary Lew and join Democrats to ensure the U.S. pays its bills on time with no strings attached,” Murray said in a statement.

Michael Steel, spokesman for Speaker John A. Boehner, R-Ohio, dismissed that suggestion in his own statement.

“The Speaker has said that we should not default on our debt, or even get close to it, but a ‘clean’ debt limit increase simply won’t pass in the House,” Steel said. “We hope and expect the White House will work with us on a timely, fiscally-responsible solution.”

Last week, Senate Majority Leader Harry Reid indicated the nation wasn’t likely to hit the debt ceiling until May, but it seems the Nevada Democrat was not relying on official information from the White House or the Treasury in making that statement at a news conference.

Comments (57)

Leave a Comment

Your email address will not be published.

author email

  1. Richard Tebaldi

    Jan. 25, 2014
    4:08 p.m.


  2. On Guard!

    Jan. 27, 2014
    4:21 a.m.

    Wealth inequality? Here we find a slide show of Obama regime apparatchiks living lifestyles of the rich and famous:

  3. Jon McCasper

    Jan. 27, 2014
    4:21 a.m.

    Challenged by arithmetic? Here we find our resident marxist agitator lying about reducing the deficit:

  4. Fiji's Best

    Jan. 27, 2014
    4:23 a.m.

    Here we find marxist agitator Hussein Obama fear-mongering about the tiny spending reductions of the 2013 sequester:

  5. Fiji's Best

    Jan. 27, 2014
    4:23 a.m.

    Hot garbage? In 2012, three man-made global-warming knaves serving our resident marxist agitator were paid more than $370,000.

  6. Anonymous

    July 4, 2015
    6:50 p.m.

    Hiya, I’m really glad I have found this info. Nowadays bloggers publish just about gossips and net and this is actually annoying. A good website with interesting content, that is what I need. Thank you for keeping this website, I will be visiting it. Do you do newsletters? Can not find it.

  7. Anonymous

    July 7, 2015
    8:03 p.m.

    I conceive this site contains very fantastic composed content articles.

  8. Anonymous

    July 9, 2015
    11:11 a.m.

    I went over this website and I conceive you have a lot of wonderful info, bookmarked (:.

  9. Anonymous

    July 18, 2015
    9:16 a.m.

    It’s actually a cool and helpful piece of info. I am satisfied that you simply shared this useful info with us. Please stay us up to date like this. Thanks for sharing.

  10. Anonymous

    July 19, 2015
    8:47 a.m.

    But a smiling visitor here to share the love (:, btw outstanding layout. “Treat the other man’s faith gently it is all he has to believe with.” by Athenus.

  11. Anonymous

    July 21, 2015
    1:48 a.m.

    F*ckin’ amazing issues here. I’m very satisfied to look your article. Thank you a lot and i am having a look forward to contact you. Will you kindly drop me a e-mail?

  12. Anonymous

    July 24, 2015
    4:52 a.m.

    My brother recommended I might like this website. He was entirely right. This post truly made my day. You cann’t imagine simply how much time I had spent for this info! Thanks!

  13. Anonymous

    July 30, 2015
    1:59 p.m.

    Hello. splendid job. I did not anticipate this. This is a excellent story. Thanks!

  14. Anonymous

    July 30, 2015
    6:45 p.m.

    I rattling happy to find this site on bing, just what I was looking for : D besides saved to my bookmarks.

  15. Anonymous

    July 31, 2015
    8:40 a.m.

    As a Newbie, I am constantly searching online for articles that can aid me. Thank you

  16. Anonymous

    July 31, 2015
    1:41 p.m.

    Hi there! This post couldn’t be written any better! Reading through this post reminds me of my previous room mate! He always kept talking about this. I will forward this article to him. Pretty sure he will have a good read. Thank you for sharing!

  17. Anonymous

    Aug. 2, 2015
    6:15 p.m.

    Hi there very nice website!! Man .. Excellent .. Superb .. I’ll bookmark your site and take the feeds additionallyKI am glad to find so many helpful info right here in the post, we want develop extra strategies in this regard, thanks for sharing. . . . . .

  18. Anonymous

    Aug. 6, 2015
    3:17 a.m.

    Just wanna comment on few general things, The website layout is perfect, the subject matter is really wonderful : D.

  19. Anonymous

    Aug. 6, 2015
    9:08 a.m.

    Thanks for every other wonderful post. Where else could anyone get that kind of info in such an ideal way of writing? I have a presentation next week, and I’m on the search for such information.

  20. Anonymous

    Aug. 7, 2015
    7:06 a.m.

    Woah! I’m really loving the template/theme of this site. It’s simple, yet effective. A lot of times it’s challenging to get that “perfect balance” between superb usability and visual appearance. I must say that you’ve done a fantastic job with this. In addition, the blog loads very quick for me on Internet explorer. Outstanding Blog!

  21. Anonymous

    Aug. 7, 2015
    9:27 a.m.

    I loved as much as you will receive performed proper here. The comic strip is tasteful, your authored material stylish. nonetheless, you command get bought an impatience over that you wish be handing over the following. in poor health undoubtedly come further in the past again as precisely the same nearly a lot ceaselessly inside of case you protect this increase.

  22. Anonymous

    Aug. 12, 2015
    4:51 p.m.

    Some truly great information, Gladiolus I discovered this.

  23. Anonymous

    Aug. 24, 2015
    1:07 p.m.

    Please let me know if you’re looking for a writer for your weblog. You have some really great articles and I feel I would be a good asset. If you ever want to take some of the load off, I’d love to write some articles for your blog in exchange for a link back to mine. Please send me an e-mail if interested. Thanks!

  24. Anonymous

    Aug. 25, 2015
    3 p.m.

    I went over this site and I conceive you have a lot of wonderful info, bookmarked (:.

  25. Anonymous

    Aug. 26, 2015
    3:22 a.m.

    I conceive you have noted some very interesting points, thanks for the post.

  26. Anonymous

    Aug. 29, 2015
    9:38 p.m.

    Hello.This article was extremely interesting, particularly because I was investigating for thoughts on this matter last Monday.

  27. Anonymous

    Aug. 29, 2015
    9:53 p.m.

    Good day very cool website!! Man .. Beautiful .. Superb .. I’ll bookmark your blog and take the feeds alsoKI am glad to find so many useful info right here within the publish, we’d like work out extra strategies in this regard, thank you for sharing. . . . . .

  28. Anonymous

    Aug. 30, 2015
    1:51 a.m.

    I’ve read several good stuff here. Certainly worth bookmarking for revisiting. I wonder how much effort you put to create such a excellent informative site.

  29. Anonymous

    Sept. 1, 2015
    6:17 p.m.

    Really excellent visual appeal on this website , I’d value it 10 10.

  30. Anonymous

    Sept. 2, 2015
    3:35 a.m.

    I am extremely impressed with your writing skills and also with the layout on your weblog. Is this a paid theme or did you modify it yourself? Either way keep up the nice quality writing, it is rare to see a nice blog like this one today..

  31. Anonymous

    Sept. 2, 2015
    10:36 a.m.

    Appreciate it for all your efforts that you have put in this. very interesting info .

  32. Anonymous

    Sept. 2, 2015
    4:35 p.m.

    I’d always want to be update on new blog posts on this internet site, saved to bookmarks! .

  33. Anonymous

    Sept. 7, 2015
    5:17 p.m.

    Needed to compose you a very little observation so as to say thanks a lot once again on your precious basics you have discussed on this website. It is so seriously open-handed with people like you giving unhampered just what many people would have sold as an e-book in order to make some money on their own, and in particular now that you could possibly have done it if you ever wanted. Those good tips also acted as the good way to be aware that someone else have similar desire the same as my personal own to know more on the subject of this condition. I know there are many more fun situations in the future for individuals who view your website.

  34. Anonymous

    Sept. 8, 2015
    5:09 a.m.

  35. desene animate in romana

    Sept. 9, 2015
    5:32 p.m.

    I really like and appreciate your blog article. Fantastic.

  36. Anonymous

    Sept. 17, 2015
    4 a.m.

    Wonderful site. Plenty of helpful information here. I¦m sending it to several buddies ans also sharing in delicious. And certainly, thank you for your sweat!

  37. Anonymous

    Sept. 17, 2015
    10:43 a.m.

    Can I just say what a relief to find someone who actually knows what theyre talking about on the internet. You definitely know how to bring an issue to light and make it important. More people need to read this and understand this side of the story. I cant believe youre not more popular because you definitely have the gift.

  38. Anonymous

    Sept. 17, 2015
    1:35 p.m.

    Greetings! Very helpful advice on this article! It is the little changes that make the biggest changes. Thanks a lot for sharing!

  39. Anonymous

    Sept. 17, 2015
    5:27 p.m.

    Sweet site, super design and style, rattling clean and utilise pleasant.

  40. Anonymous

    Sept. 17, 2015
    6:52 p.m.

    I really appreciate this post. I?¦ve been looking all over for this! Thank goodness I found it on Bing. You have made my day! Thank you again

  41. esurance policy

    Sept. 20, 2015
    6:38 a.m.

    Try discounts up to 40 percent on auto or home insurance, get quotes by zip code from top insurance companies.

  42. esurance car insurance quotes

    Sept. 20, 2015
    9:49 a.m.

    Whats amazing note here. It would be great to use your info for future posts or comments.

  43. state farm car insurance quotes online

    Sept. 20, 2015
    3:20 p.m.

    Thanks for detailed review.. Waiting for future notes

  44. amica insurance locations

    Sept. 22, 2015
    3:03 a.m.

    Its easy and fast to get insurance quotes by 5 digit zip code.

  45. national mutual insurance company

    Sept. 22, 2015
    2:12 p.m.

    Get quotes by zip code and save up to 505 annually.

  46. amax

    Sept. 22, 2015
    5:10 p.m.

    Get auto and home insurance policies

  47. amax auto insurance dallas tx

    Sept. 22, 2015
    6:02 p.m.

    Get auto and home insurance policies

  48. Anonymous

    Sept. 22, 2015
    10:19 p.m.

    As I website possessor I believe the content matter here is rattling excellent , appreciate it for your hard work. You should keep it up forever! Good Luck.

  49. federal mutual insurance

    Sept. 23, 2015
    5:12 a.m.

    Also I suggest everyone try our huge discounts on auto or home insurance

  50. federated insurance owatonna mn

    Sept. 23, 2015
    11:34 a.m.

    We offer you huge discounts, just enter your zip code

  51. Anonymous

    Sept. 23, 2015
    4:54 p.m.

    I don’t ordinarily comment but I gotta admit thanks for the post on this special one : D.

  52. Anonymous

    Sept. 23, 2015
    9:25 p.m.

    I have not checked in here for a while as I thought it was getting boring, but the last few posts are good quality so I guess I will add you back to my daily bloglist. You deserve it my friend :)

  53. Anonymous

    Sept. 26, 2015
    10:38 a.m.

  54. Anonymous

    Sept. 26, 2015
    2:51 p.m.

    I’m not sure exactly why but this site is loading very slow for me. Is anyone else having this problem or is it a problem on my end? I’ll check back later and see if the problem still exists.

  55. Anonymous

    Sept. 28, 2015
    7 a.m.

    YhInB3 Say, you got a nice article post.Really looking forward to read more. Awesome.

  56. cheap commercial auto insurance

    Sept. 29, 2015
    5:32 p.m.

    Best quotes in the USA on auto and home insurance. Get quotes by zip code and save on policy!

  57. mJfAnD7BK

    Oct. 6, 2015
    8:24 a.m.

    156049 527769As soon as I discovered this internet web site I went on reddit to share some with the enjoy with them. 2212

Sign In

Forgot password?



Receive daily coverage of the people, politics and personality of Capitol Hill.

Subscription | Free Trial

Logging you in. One moment, please...