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US Treasury Secretary Comments on Debt Limit

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On Monday, while urging lawmakers to raise the debt limit soon, Treasury Secretary Steven Mnuchin said that the US government can pay its bills through at least early September this year under the current limit on federal borrowing. When asked how urgent it was to raise the debt limit, Mnuchin reportedly told US lawmakers, "I am comfortable saying that we can fund the government through the beginning of September. If we don't raise this beforehand, I will be providing updated numbers based upon how revenues come in." Mnuchin, who asked congress more than three months ago to raise the debt ceiling “at the first opportunity," added, "It is important to send a clear signal to the market that, again, this is not an issue.”

Added on the 12/06/2017 16:38:30 - Copyright : Wochit

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