Mnuchin Says Prioritizing Debt Payments ‘Doesn't Make Sense’
- ‘I have no intent on prioritizing,’ he tells House panel
- He reiterates request for Congress to address debt limit soon
Mnuchin Says U.S. Debt Ceiling Is Good Through September
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U.S. Treasury Secretary Steven Mnuchin ruled out prioritizing U.S. debt payments if Congress fails to raise the borrowing limit and repeated his call for quick action by lawmakers.
“I have no intent on prioritizing” debt payments, Mnuchin told a House Financial Services panel in Washington on Thursday. “That doesn’t make sense. The government should honor all of its obligation and the debt limit should be raised.”