WASHINGTON (AP) — Treasury Secretary Jacob Lew says the government will have exhausted its borrowing authority by Oct. 17, leaving the United States with just $30 billion cash on hand to pay its bills.
That's a slightly worse financial position than Treasury predicted last month and it adds to the pressure on Congress to increase the government's borrowing cap to avert a first-ever U.S. default on its obligations.
By the 17th the government will be left with its cash cushion and daily receipts to pay its bills; Lew warned that before long it wouldn't be able to meet all of its obligations.
Lew again warned that President Barack Obama would not negotiate with Republicans over the debt limit. Republicans want to add budget cuts and other legislation like a one-year delay of "Obamacare."
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The Wyoming County Sheriff’s Office says a tractor trailer crashed on Route 39, in the Town of Eagle.
One letter was about the violent altercation between Jim Ying and another employee, and in the other letter Ying described why the restaurant is closing.
A Good Samaritan died Wednesday while trying to assist the driver of a tractor trailer who got stuck in the snow.
Lake Effect Snow Warnings today with the chance for an additional foot for some areas.
The long-arm of the law caught up to two men who allegedly stole a gun and other hunting items out of a cabin in Genesee Falls this past April.
Troopers say 24-year-old David Woods and 20-year-old Tierra Willis, both of Buffalo, used a stolen credit card to buy more than $600 worth of goods at the Wal-Mart on Sheridan Drive in Amherst on November 24.