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Treasury Secretary Says Obama Will Refuse To Negotiate With Republicans Over Raising Debt Ceiling…

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(THE WASHINGTON EXAMINER) -- Treasury Secretary Jack Lew reiterated Tuesday morning that the Obama administration will not negotiate with congressional Republicans over the debt ceiling, but will seek a fiscal bargain with Republicans in funding the government.

Lew appeared on CNBC’s “Squawk Box” the morning after sending House Speaker John Boehner a letter projecting that the Treasury would run out of headroom under the debt ceiling in mid-October. Lew explained that the letter was not a threat, but that “we’re sharing the information we have” and “it means Congress does need to act” to raise the limit.

Lew reasserted several times during his interview with CNBC’s John Harwood that the White House won’t engage in negotiations with Republicans seeking spending cuts or changes to Obamacare in raising the debt ceiling. But he also indicated that the administration remains willing to talk with the GOP about making other large-scale fiscal adjustments in the upcoming government funding showdown that will take place just shortly before Lew expects the debt ceiling to become binding in mid-October. Continue reading via The Washington Examiner...

 

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