U.S. Treasury Secretary Jack Lew urged Congress Friday to increase the debt ceiling, saying he is not confident extraordinary measures will last beyond Feb. 27.
In a letter addressed to House Speaker John Boehner, Lew highlighted that the Treasury must start implementing “extraordinary measures” to continue to pay the nation’s bills because Congress has not acted to approve its normal borrowing authority.
Mr Lew said he could rely on emergency measures to pay US debts after the limit is reinstated on 7 February.
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