WASHINGTON -- The United States will run out of money to pay its bills "no later than Oct. 17" unless Congress raises the $16.7 trillion debt limit, Treasury Secretary Jacob Lew said in a letter to Congress Wednesday morning.
Lew's letter marks the first time he has given a date certain for when the government would hit the debt ceiling. Outside economists had previously estimated that date to be sometime from mid-October to early November.
Source: USA Today. Read full article. (link)