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Obama to meet with Treasury Secretary Lew on Wednesday

U.S. Treasury Secretary Jack Lew speaks during an unveiling ceremony in conjunction with the Raoul Wallenberg Congressional Gold Medal at th
U.S. Treasury Secretary Jack Lew speaks during an unveiling ceremony in conjunction with the Raoul Wallenberg Congressional Gold Medal at th

WASHINGTON (Reuters) - President Barack Obama will meet Treasury Secretary Jack Lew at the White House on Wednesday, the White House said, as the clock ticked down to a debt deadline with no clear solution in sight.

Lew is due to meet with the president at 2:25 p.m.. Lew has said the United States will run out of borrowing authority on Thursday, leading to a debt default, if Congress does not raise the $16.7 trillion U.S. debt limit.

(Reporting By Mark Felsenthal; Editing by David Brunnstrom)

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