WASHINGTON - Ways and Means Committee Ranking Member Sander Levin (D-MI) made the following statement after Treasury Secretary Lew informed Congress today that the United States will hit the limit of its borrowing authority no later than Oct. 17:
“We have been repeatedly warned that we have barely three weeks to prevent an unprecedented default that would send shock waves through our economy. Yet Republicans continue to push us to the brink, just as they did two years ago, when their recklessness led to an historic credit ratings downgrade, sent the stock market reeling and stalled job growth. Every day that congressional Republicans walk away from their responsibility to govern, they put more American families at risk."
