WASHINGTON (MarketWatch) – The U.S. could hit its debt limit sooner than earlier estimated, according to Treasury Secretary Jacob Lew. He told lawmakers in a letter Thursday that “we expect Treasury would be left with less than $30 billion to meet all of the nation’s commitments -an amount far short of net expenditures on certain days, which can be as high as $60 billion,” Lew said. This $30 billion would be depleted quickly, Lew said, urging Congress to take action as soon as possible to raise the debt limit.
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