By — Associated Press Associated Press Leave your feedback Share Copy URL https://www.pbs.org/newshour/politics/watch-live-white-house-may-address-hurricane-harvey-gop-tension-news-briefing Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter WATCH: Mnuchin predicts Congress will raise debt ceiling Politics Aug 25, 2017 1:39 PM EDT Treasury Secretary Steven Mnuchin is predicting that Congress will raise the government’s borrowing limit in September, before a deadline for default. Mnuchin made his prediction Friday, a day after President Donald Trump accused Republican congressional leaders of botching efforts to avoid an unprecedented default on the national debt. Trump accused lawmakers of ignoring his advice and said what could have been an easy fix is “now a mess!” The Treasury Department has said the debt ceiling must be lifted by Sept. 29 to avoid a government default. The government does not collect enough money from taxes to pay its bills, and must borrow to cover the difference. Says Mnuchin: “The government intends to pay its debt and the debt ceiling will be raised.” We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now By — Associated Press Associated Press
Treasury Secretary Steven Mnuchin is predicting that Congress will raise the government’s borrowing limit in September, before a deadline for default. Mnuchin made his prediction Friday, a day after President Donald Trump accused Republican congressional leaders of botching efforts to avoid an unprecedented default on the national debt. Trump accused lawmakers of ignoring his advice and said what could have been an easy fix is “now a mess!” The Treasury Department has said the debt ceiling must be lifted by Sept. 29 to avoid a government default. The government does not collect enough money from taxes to pay its bills, and must borrow to cover the difference. Says Mnuchin: “The government intends to pay its debt and the debt ceiling will be raised.” We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now