Congress fights to reach agreement as debt ceiling looms


Treasury Secretary Jack Lew says the government would be left with just $30 billion in cash reserves to pay all its bills on Oct. 17, exhausting his agency’s ability to use “extraordinary measures” to keep the government’s bills paid.

Experts say the government could easily run out of funds before the end of the month, and that it’s basically impossible to nail down a specific drop-dead date, since Treasury is accepting and sending out millions of payments on any given day.

Read more from The Hill.