U.S. Treasury Secretary Jack Lew says he faces a financial sticking point on Feb. 27, when he can no longer move the budget chess pieces, which could leave the U.S. vulnerable to debt default. Due to a House Democrats’ retreat, and a week-long holiday for all of Congress, lawmakers won’t all work a full day from this Wednesday until Feb. 26. The biggest change and cause for hope this time around is a new sense of cooperation and pragmatism emanating from the capital. A quiet resolution to a new debt ceiling crunch might end up being the biggest news of all, but time is short.
Source: Washington Post