Running Out Of Money

Treasury Secretary Jacob Lew has told Congress the government will run out of moneysometime in mid-October. That is, unless lawmakers vote to raise the nation's borrowing limit, which now stands at $16.7 trillion. Lew's letter went to House Speaker John Boehner. It says the Treasury is running out of accounting gimmicks. The letter says the government will be down to $50 billion in cash, not enough to cover Medicare, Medicaid and Social Security.