WASHINGTON: A top Treasury official on Tuesday urged Congress to raise the debt ceiling before mid-May and said forcing the government to employ measures to give the country more borrowing capacity would be "highly disruptive."
"Resorting to extraordinary measures is not a desirable thing. It would be highly disruptive," Mary Miller, Treasury's assistant secretary for financial markets, told reporters after a Senate hearing to examine new derivatives rules.
Treasury has forecast that the $14.3 trillion debt ceiling will be reached by May 16.
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