WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin has asked Republican leaders in Congress to lift the federal government’s debt ceiling by Feb. 28, Bloomberg News reported on Monday, citing two sources familiar with the talks.
The U.S. Treasury Department will exhaust all of its borrowing options and run dry of cash to pay its bills by late March or early April if Congress does not raise its borrowing authority by then, the nonpartisan Congressional Budget Office has said.
Writing by Susan Heavey
more recommended stories
FDA traces romaine E. coli outbreak to California farm; some lettuce safe to eat
WASHINGTON (UPI) — The U.S. Food.
Thicke, Williams ordered to pay $5 million for infringement
LOS ANGELES (UPI) — A Federal.
OP-ED: Two wrongs don’t make a right in ‘Fight for $15’ debate
The “Fight for $15” an hour.
Jury recommends life in prison for driver in Charlottesville protest
CHARLOTTESVILLE, Va. (Reuters) — A Virginia jury.