Obama to meet with Treasury Secretary Lew on Wednesday

Reuters News
Posted: Oct 15, 2013 7:46 PM

WASHINGTON (Reuters) - President Barack Obama will meet Treasury Secretary Jack Lew at the White House on Wednesday, the White House said, as the clock ticked down to a debt deadline with no clear solution in sight.

Lew is due to meet with the president at 2:25 p.m.. Lew has said the United States will run out of borrowing authority on Thursday, leading to a debt default, if Congress does not raise the $16.7 trillion U.S. debt limit.

(Reporting By Mark Felsenthal; Editing by David Brunnstrom)