© Aaron Schwartz, The Hill.
“Mnuchin urges Congress to quickly pass new debt limit”
“Treasury Secretary Steven Mnuchin told congressional leaders that the debt ceiling should be raised before lawmakers leave for their August recess to avert the potential of an unprecedented default on the national debt.
“In a letter to House and Senate leaders Friday [July 12], Mnuchin said that based on updated projections, ‘there is a scenario in which we run out of cash in early September, before Congress reconvenes.’“
“The notification comes one day after House Speaker Nancy Pelosi said she wanted an agreement this month with President Donald Trump on raising the borrowing limit and setting spending levels for the coming budget year,” by Martin Crutsinger, AP Economics Writer.
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