27, September 2013

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

Urgent steps to protect the government from hitting the debt ceiling must be taken before October 17, the U.S. Treasury Secretary Jacob Lew said on Wednesday. Lew said that the Treasury would have about $ 30 billion to pay the bills. "This amount will not be nearly enough to cover the net costs on certain days, which can amount to more than $ 60 billion," - Lew said. Republicans in Congress and the White House are "at loggerheads" in fiscal policy.

Congress is still trying to find a plan. Republican Senator Ted Cruz Texas spent the night in the Senate, urging his colleagues to adopt the Republican plan, for the government to work, and defending U.S. President Barack Obama's health care law.

On Wednesday, the U.S. Congressional Budget Office reported that the ongoing projects of the Treasury would have exhausted all of the WCF and borrowing authority, as well as its own funds, between 22 October and the end of the month.