October 14, 2019

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

Jul 12, 2019 |

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.

 

 

(Reporting by Andrea Ricci; Editing by Chizu Nomiyama)

 

tagreuters.com2019binary_LYNXNPEF6B17F-VIEWIMAGE U.S. Treasury's Mnuchin urges Congress to raise debt ceiling [your]NEWS

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