Congress will have to raise the country's debt limit, and may need to do so before a deal on future budget deficits is agreed, the US Treasury Secretary Timothy Geithner has said.
In a television interview yesterday, Mr Geithner said: "Congress is going to have to raise the debt limit. The responsible people [on Capitol Hill] understand that. And I'm very confident they'll do this."
Earlier this month, Mr Geithner wrote to Congressional leaders warning that the current $14.3 trillion (£8.75 trillion) debt limit would be reached by the middle of May.