Treasury Secretary Jacob Lew. (AP Photo/Manuel Balce Ceneta)

Feb. 3 (Bloomberg) — Treasury Secretary Jacob J. Lew said the U.S. risks breaching the federal debt limit by the end of this month and called on Congress to raise it immediately to sustain economic momentum.

“It is imperative that Congress move right away to increase our borrowing authority,” Lew said in a remarks prepared for a speech at the Bipartisan Policy Center in Washington today. “It would be a mistake to wait until the 11th hour to get this done.”

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