WASHINGTON, Oct 11: US Treasury Secretary Jack Lew and Federal Reserve Chairman Ben Bernanke told their counterparts of the G20 group of economies that the standoff over the US debt ceiling will be resolved by October. 17, Russian Finance Minister Anton Siluanov said.
The US Treasury has said it could quickly run out of cash if the cap on US borrowing authority is not raised by October 17.
“Colleagues from the US Treasury and the Federal Reserve have said that they hope to solve the issue soon. They said that the problem will be solved by the 17th,” Siluanov told reporters after a dinner with G20 counterparts gathering on the sidelines of the IMF/World Bank meetings.
“It’s an important issue for everyone. Both Lew and Bernanke believe that these difficulties can be overcome soon,” Siluanov added.
(AGENCIES)
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