Jack Lew: Debt ceiling must be raised before Feb. 7

Jack LewTHE WASHINGTON EXAMINER – Treasury Secretary Jack Lew once again tried to provoke action on the debt ceiling Wednesday afternoon, warning congressional leaders by letter that he would run out of measures to create headroom under the limit by late February if it is not raised before then.

The October congressional deal to raise the debt ceiling and end the government shutdown suspended the debt ceiling through Feb. 7. At that point, Lew will rely on extraordinary measures to ensure all the government’s obligations are met on time. Previously, he had said those measures would last through late February or early March.

“I respectfully urge Congress to provide certainty and stability to the economy and financial markets by acting to raise the debt limit before Feb. 7, 2014, and certainly before late February,” Lew wrote in the letter addressed to House Speaker John Boehner, R-Ohio.

Read more at The Washington Examiner.