Lew says:
- Failure to lift debt limit would have disastrous effects
- Says ‘even a delay’ in raising the debt limit can be harmful
- Says unemployment remains stubbornly high
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I posted his initial headline, here , just adding the ‘more to come’.
The debt ceiling debate will be upon us soon for an added source of volatility across markets.
The link to Lew’s speech: Remarks of U.S. Treasury Secretary Jacob J. Lew before the Commonwealth Club of California
