Posted on 05/24/2017 1:19:35 PM PDT by Oldeconomybuyer
U.S. Treasury Secretary Steven Mnuchin on Wednesday urged Congress to approve a "clean" increase in the federal debt limit by the time it starts its summer recess in early August.
"I urge you to raise the debt limit before you leave for the summer," Mnuchin told the House Ways and Means Committee. Congress and the administration can discuss future spending cuts, but it was "absolutely critical" to preserve U.S. creditworthiness by paying debts already incurred, he said.
Republicans in Congress have sought to use past debt ceiling increases as leverage to force new spending cuts. Mnuchin said his preference was for a "clean" debt ceiling increase that was free of any conditions.
(Excerpt) Read more at reuters.com ...
A
Big
BS
Shut down the non-essential government and drain the swamp.
Mnuchin is either [1] lying through his teeth (swamp dweller) or, [2] he’s woefully ignorant about what happens if/when the debt ceiling is reached.
I’m going with #1.
Paying the tab already rung up.
Your right, it is critical to the trump agenda that they do not raise the dept ceiling.
Swamp Creature.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.