Treasury Secretary Steven Mnuchin says the White House will offer a one-year continuing resolution and debt ceiling increase if Congress and the White House cannot strike a spending deal.
Mnuchin spoke following a meeting among White House officials and congressional leaders from both parties in House Speaker Nancy Pelosi's office. If the Trump administration and Congress fail to reach a spending agreement, the White House will offer a continuing resolution to keep the government funded at its current levels for a year, he said. The administration would also propose a one-year debt ceiling increase.
The Treasury secretary said lawmakers from both parties agreed they needed to raise the debt ceiling. If Congress fails to increase the borrowing limit, the U.S. could risk default on its debt — which would have ripple effects throughout the global economy. The Treasury could lose the ability to pay its bills in the coming months.
Great so he's willing to bankrupt this Nation like his failed businesses.
What is it that drives the Republicans to mismanage spending issues so poorly that they are bound to skate to the last minute edge so often ? Again
And Mar a Lago?
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