Lew: No debt limit countdown clocks (please)
This final note today: A plea from federal budget director Jack Lew, who as you might imagine has a lot on his plate these days… And he’s trying to head off trouble at the pass.
Lew’s asking media organizations not to run those countdown clocks as we get closer to the debt limit. Yes, cable news, he’s talking you.
Even though Carney and Salmon assured us earlier in the show that we’ll never get there, Lew says the mere fact of anticipation would undermine our position as an economic power.
So, no countdown clocks here.
But, tick tock.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.
Give today and get our limited edition tote.