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Monday, December 09, 2019 {{ new Date().getDay() }}

Washington (AFP) – The Treasury Secretary Jacob Lew warned Wednesday that the government will have no more flexibility after October 17 to operate under the U.S. debt cap.

Lew told Congress that after months of juggling spending to meet government commitments without added borrowing, those “extraordinary measures” will be exhausted by that date, leaving the Treasury with only $30 billion in cash to meet ever-mounting demands.

Photo Credit: AFP/Saul Loeb

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Jeff Danziger lives in New York City. He is represented by CWS Syndicate and the Washington Post Writers Group. He is the recipient of the Herblock Prize and the Thomas Nast (Landau) Prize. He served in the US Army in Vietnam and was awarded the Bronze Star and the Air Medal. He has published eleven books of cartoons and one novel. Visit him at DanzigerCartoons.