Treasury’s Lew US will exhaust borrowing capacity in mid-October

US Treasury Secretary Jack Lew pressed Congress on Monday to act quickly to allow the federal government to borrow more money, warning that the United States risks defaulting on its obligations if lawmakers do not act by mid-October.

via Business feed http://www.scmp.com/business/economy/article/1299677/treasurys-lew-us-will-exhaust-borrowing-capacity-mid-october