Mnuchin Says White House Will Not Let Debt Ceiling Become An Issue

Mnuchin Says White House Will Not Let Debt Ceiling Become An Issue

Treasury Secretary Steve Mnuchin on Wednesday said he has no plans to let the debt limit become an issue for the U.S.

“One of the fun parts of my job is I get to use the super human powers to manage the debt ceiling so I would say, in the near term, there’s nothing we’re concerned about,” he said during an event put on by the Hill

“We have the cash flow to manage the government, matter of fact, we had one of the largest days ever of collecting tax receipts on April 18.”

Mnuchin said he feels “comfortable” that “we’re fine.”

“Again, this is a discussion we’re having with the House and Senate. I do think we need to raise the debt ceiling” he said.

“There’s no question about that. People agree…we’re not going to let this become an issue.”

Mnuchin said that both Democrats and Republicans understand this.

“We’ve already spent the money, this is not the budget process and we’re going to raise, it,” he said.

“By the way, we’re not going to do one of these wait to the last minutes either. So we’ll get the debt limit done in plenty of time.”

via the Hill

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