Right Now
In a letter to Treasury Secretary Jack Lew, Dr. Coburn asks the administration to clarify how it will interpret and administer unprecedented debt-limit provisions, set to expire May 19, as required by the February agreement between Congress and the Administration. The February agreement allowed the administration to suspend the monetary limit and instead extending the limit to a specific date – not a specific amount – leaving questions about what the aggregate dollar amount spent since February will be, what the new limit will be after May 19, and how Treasury plans to move forward afterwards.