Lew Says Debt Limit 'does Not Make Sense' To Control Spending

Treasury Secretary Jacob Lew said Tuesday there's every reason to look at how the debt limit is handled. But Lew, speaking at the Bipartisan Policy Center, said the debt limit "does not make sense" as a way of controlling spending and said raising it should not become a regular event of brinksmanship. He urged Congress to pass an agreement to suspend the limit until March 2017 "as quickly as possible."

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