In his ninth letter to Congress this year urging action on the debt limit, Secretary Lew reiterated this week that these extraordinary measures will soon be exhausted. The only way to protect the full faith and credit of the United States and the American people from serious harm is for Congress to raise the debt limit before that happens. There are no easy outs and no escape hatches. http://www.treasury.gov/connect/blog...ebt-limit.aspx
