U.S. to Run Out of Money Soon

    An Indian moneychanger counts US Dollar bills at his office in New Delhi on June 20, 2013. India's rupee hit a new low against the US Dollar after the US Federal Reserve said it could start to reduce stimulus measures for the US economy. The rupee hit 59.93 in morning trade, well below its previous record low of 58.98 reached last week in part on growing concern about India's economic weakness.     AFP PHOTO/MANAN VATSYAYANA        (Photo credit should read MANAN VATSYAYANA/AFP/Getty Images)

    Manan Vatsyayana/AFP/Getty

    Talk about a spoiler. Treasury Secretary Jacob Lew sent a letter to Congress Wednesday morning declaring that the U.S. will no longer be able to pay its bills after October 17, unless the debt ceiling is raised. The announcement by Lew is the first time the administration has given a specific deadline. Many are watching Congress with trepidation, as it appears the two sides are nowhere near close to coming up with a solution to the impasse over the debt limit.

    Treasury says October 17 is the date.

    Does this sound familiar? It's because it is.

    Read it at USA Today