Tag Archives: US Treasury

Jack Lew Says Must Raise the Debt Ceiling by End of February

Congress will likely need to raise the debt limit by late February to avoid a missed payment, according to Treasury Secretary Jack Lew. In a letter sent to lawmakers Wednesday, Lew said the timeline for a borrowing boost has moved … Continue reading

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Outstanding Balance of Student Loans Skyrocket

The outstanding balance for all of the direct student loans the federal government has issued topped $600 billion in April, according to newly released data from the U.S. Treasury. The total balance hit $600.457 billion by the end of April, … Continue reading

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Federal Spending Up in First 5 Months of FY13

Federal spending was up $30.5 billion in the first five months of fiscal 2013 compared to the first five months of fiscal 2012, according to newly released data from the U.S. Treasury. The federal fiscal year begins on Oct. 1 … Continue reading

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