U.S. Markets closed

Treasury to reach debt limit by mid-October-report

The U.S. Treasury will reach its debt limit in mid-October, Dow Jones reported on Monday, citing sources familiar with the matter.

In the summer of 2011 a fight over the government's debt limit turned into a crisis that weighed heavily on markets.

(Read more: Jack Lew's quiet period? )

Treasury Secretary Jack Lew said earlier this year that the debt ceiling was unlikely to be reached until September.

"People shouldn't relax, Congress should deal with this right away. The uncertainty caused by putting this off is not good. The anxiety caused to the U.S. and world economy by putting this off until the last minute is not good," Lew said at the time.

(Read More: CNBC Explains - National Debt )

This is a breaking news story. Check back for updates.