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U.S. Treasury's Mnuchin urges Congress to raise debt ceiling

EconomyJul 12, 2019 11:59AM ET
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© Reuters. Treasury Secretary Steven Mnuchin answers question from reporters about the United States new sanctions on Iran at the White House in Washington D.C.

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin on Friday urged Congress to increase the nation's debt ceiling before its summer recess.

In a letter to House Speaker Nancy Pelosi, Mnuchin said that while there was "reasonable uncertainty" in projecting government cash flows, updated projections showed "there is a scenario in which we run out of cash in early September, before Congress reconvenes."

"As such, I request that Congress increase the debt ceiling before Congress leaves for summer recess," he said.

U.S. Treasury's Mnuchin urges Congress to raise debt ceiling
 

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Comments (2)
Holly Sorensen
Holly Sorensen Jul 12, 2019 7:04PM ET
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they are the opposite of fiscally responsible...always leaving it to Democrats to clean up their expensive messes
Thom Miller
Thom Miller Jul 12, 2019 3:54PM ET
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A Repblican administration asking for the debt ceiling to be raised? Drain the swamp!
 
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