Treasury Secretary issues debt ceiling deadline

(NEWSCHANNEL 3) - U.S. Treasury Secretary Jack Lew issued a new deadline Friday for the debt ceiling.

He's warned Congress that the U.S. will hit that ceiling on February 7.

That means the country could no longer borrow money to finance the government.

Lew says he can juggle the books until late February or early March, but after that the U.S. could face default.