Treasury Secretary Lew Testifies The Debt Limit Before Senate Finance Cmte


US Treasury Secretary Jacob Lew shakes hands wint Senate Finance... News PhotoBoundary,Debt,Economy,Government,Hand,Handshake,Hart Senate Office Building,Horizontal,Jack Lew,Law,Max Baucus,Orrin G. Hatch,Politics,Senate Finance Committee,Testimony,USA,Washington DCPhotographer Collection: AFP 2013 AFPUS Treasury Secretary Jacob Lew (R) shakes hands wint Senate Finance Committee Chairman Max Baucus (L), D-MT, as Ranking Member Orrin Hatch (2nd L), R-UT, watches after testifying to the Committee on the debt limit in the Hart Senate Office Building on Capitol Hill in Washington, DC on October 10, 2013. A US debt default would cause serious economic repercussions, including 'deeply damaging' financial markets, Lew warned lawmakers Thursday a week before a deadline to raise the US borrowing limit. 'If Congress fails to meet its responsibility, it could be deeply damaging to the financial markets, the ongoing economic recovery, and the jobs and savings of millions of Americans,' Lew testified. 'If Congress does not act and the US suddenly cannot pay its bills, the repercussions would be serious.' AFP PHOTO/Mandel NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)