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Lew sticks with 'catastrophic' warnings about debt-ceiling, but short on specifics

Posted on AllSides October 6th, 2013
From The Right

Treasury Secretary Jacob Lew on Sunday defended accusations of fear mongering over Congress potentially failing to increase the federal debt limit -- including his assertion that the economic impact would be “catastrophic.” He declined, however, to provide specific examples, saying instead that Congress blowing the Oct. 17 debt-limit deadline would be “reckless.”

“The consequences are immediate and very bad,” Lew said on “Fox News Sunday.” “The direction is bad. There is a range of how bad.”

Lew also said the White House is willing to negotiate on fiscal issues, despite...

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