The United States could have less than $50 billion in cash in mid-October when the government exhausts its legal borrowing capacity, Treasury Secretary Jack Lew said on Tuesday.
Lew had previously said the government would have around $50 billion then. He said on Tuesday revenues have come in a little slower than expected in recent weeks.
“Because things have come in a little bit slower … that number is smaller than 50 now,” Lew told Bloomberg News in an interview in New York.
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