Treasury's Lew sets up battle over debt limit

  • Article by: Jim Puzzanghera , Los Angeles Times
  • Updated: August 27, 2013 - 8:13 PM

President Obama will not bargain with lawmakers about attaching conditions to an increase in the debt limit, saying Congress has the responsibility to ensure that the nation’s bills are paid and that the government doesn’t default, Treasury Secretary Jacob J. Lew said Tuesday. “The president’s been very clear we are not going to be negotiating over the debt limit,” Lew told CNBC a day after formally notifying Congress that the federal government would run out of borrowing authority in mid-October.

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