US Treasury Secretary Lew: Says US to reach debt limit by mid-October

The US Treasury has put mid-October as the date for reaching the debt limit

• US Treasury Secretary Lew has informed Boehner
• Lew says its hard to predict when Treasury cash will be exhausted
• Warns of market instability and ‘significant disruptions

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Headlines crossing Bloomberg.

This is a simmering issue and will come into market focus more and more as the date nears and the fight begins to gain momentum.