Trunews: U.S. will hit debt ceiling no later than Nov. 3: Treasury’s Lew

Revelation 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"

The U.S. government will hit a legal debt limit and be unable to borrow more money no later than Nov. 3, Treasury Secretary Jack Lew said on Thursday.

In a letter to congressional leaders, Lew added that a remaining cash balance of less than $30 billion would swiftly deplete.

“In fact, we do not foresee any reasonable scenario in which it would last for an extended period of time,” Lew said, as he urged Congress to raise the debt cap.

Trunews – Trunews: U.S. will hit debt ceiling no later than Nov. 3: Treasury’s Lew

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