Bernanke, Lew say debt impasse to end by Oct 17 -Russia fin min

Reuters

WASHINGTON, Oct 10 (Reuters) - U.S. Treasury Secretary JackLew and Federal Reserve Chairman Ben Bernanke told theircounterparts of the G20 group of economies on Thursday that thestandoff over the U.S. debt ceiling will be resolved by Oct. 17,Russian Finance Minister Anton Siluanov said.

The U.S. Treasury has said it could quickly run out of cashif the cap on U.S. borrowing authority is not raised by Oct. 17.

"Colleagues from the U.S. Treasury and the Federal Reservehave said that they hope to solve the issue soon. They said thatthe problem will be solved by the 17th," Siluanov told reportersafter a dinner with G20 counterparts gathering on the sidelinesof the IMF/World Bank meetings.

"It's an important issue for everyone. Both Lew and Bernankebelieve that these difficulties can be overcome soon," Siluanovadded.

View Comments