On the debt ceiling, Mnuchin said the government has enough money to be funded through September if Congress doesn’t raise the borrowing limit sooner. He urged lawmakers to approve an increase in debt limit before they break for five weeks until Sept. 5.
“I think that the Congress should raise the debt ceiling so that we don’t have to talk about prioritization, that’s really the focus,” said Mnuchin, referring to a choice the government would have to make on paying debts as a priority to avoid a default. “We should be paying our bills when they’re due and we shouldn’t put the government at risk.”
This article was provided by Bloomberg News.