U.S. Treasury's Mnuchin Suggests U.S. Will Hit Debt Limit Around Late Summer

Credit: Wochit News
Published on May 22, 2019 - Duration: 00:38s

U.S. Treasury's Mnuchin Suggests U.S. Will Hit Debt Limit Around Late Summer

According to a report by Reuters, on Wednesday, US Treasury Secretary Steven Mnuchin urged Congress to raise the US debt ceiling as soon as possible, claiming that the government was expecting to exhaust its borrowing authority around late summer.

Mnuchin reportedly told a hearing of the House of Representatives Financial Services Committee, “I share your concern.

I would urge Congress to raise the debt ceiling as soon as possible.

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U.S. Treasury's Mnuchin Suggests U.S. Will Hit Debt Limit Around Late Summer

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