Economics
Trump Wants U.S. Debt Ceiling Increase by August, Spokesman Says
- The administration hasn’t agreed on how to raise debt limit
- Tax overhaul, Dodd-Frank, health care remain priorities
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Congress should extend the U.S. government’s borrowing authority before lawmakers depart for their traditional August vacation, the White House said Monday, as the Trump administration sought to ratchet up pressure on Capitol Hill to avoid an unprecedented default on the national debt.
"We’re looking for before they adjourn for August recess," White House legislative affairs director Marc Short told reporters at the White House on Monday.