Comments just out from an interview with CNBC

  • says he worries about an "accident" amid debt limit debate
  • waiting for last minute on debt limit invites risk
  • Treasury to run out of extra measures by 3 Nov
  • US budget system is set up to pay its obligations
  • govt can't pick and choose what bills it pays

Lew giving big word of warning to get US debt deal done

Declines to comment on monetary policy

  • China fx report due out later today
  • there's still room for yuan to appreciate
  • US watchdog to ensure China meets fx obligations

Meanwhile back to US matters

  • it's important to have conservative budget obligations
  • US Treasury looks at wage growth, need to see it rise

Lew- Debt deal is a must