Tags: Jack Lew
US moves closer to default possibility
The United States of America had moved closer to reaching a first ever default on the nation's debt after House Speaker John Boehner ruled out a straightforward bill to increase the country's borrowing limits without approval from the US President, said The Economic Times report.
US Treasury Suspends Pension Funds
The US Treasury has announced suspension of pension funds to raise its debt limit. The US Treasury announced last Friday the suspension on pension funds payment.
