NEW YORK (Reuters) - Mohamed El-Erian, chief executive of bond giant Pimco, said Tuesday that the economy cannot absorb uncertainties, including another "fight" on the debt limit.
"The economy cannot, cannot absorb a whole list of uncertainties, including another fight on the debt limit," El-Erian, also co-chief investment officer of Pimco, told Bloomberg Television.
The U.S. Treasury Department has set a deadline for raising the debt ceiling, and said Congress needs to act by mid-October, or the country will face an unprecedented default.
Pimco, a unit of European financial services company Allianz SE
(Reporting by Sam Forgione; Editing by Chizu Nomiyama)