U.S. Treasury's Lew says doesn't see debt limit brinksmanship

Tue May 7, 2013 5:44pm EDT

U.S. Treasury Secretary Jack Lew testifies before a House Appropriations Subcommittee on State, Foreign Operations, and Related Programs hearing on the budget for the Treasury Department on Capitol Hill in Washington April 24, 2013. REUTERS/Kevin Lamarque

U.S. Treasury Secretary Jack Lew testifies before a House Appropriations Subcommittee on State, Foreign Operations, and Related Programs hearing on the budget for the Treasury Department on Capitol Hill in Washington April 24, 2013.

Credit: Reuters/Kevin Lamarque

(Reuters) - U.S. Treasury Secretary Jack Lew said on Tuesday that he does not know of anyone in Congress who wants to have a "showdown" over the nation's debt limit.

"On the debt limit, I can't find anyone (in Congress) who wants to have a showdown," he told the City Club of Cleveland. "They understand it can't be a bargaining chip, because the mere negotiation over default hurts the economy."

(Reporting by Anna Yukhananov; Editing by Sandra Maler)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

Recommended Newsletters

Reuters U.S. Top News
A quick-fix on the day's news published with Reuters videos and award-winning news photography and delivered at your choice of one of four times during the day.
Reuters Deals Today
The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.
Reuters Technology Report
Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents.