McConnell and Mnuchin Predict Congress Will Raise the Debt Ceiling
- Treasury chief indicates prioritizing payments isn’t an option
- McConnell says there’s ‘no chance’ ceiling won’t be raised
Wells Fargo Economist Expects Debt Ceiling to Be Lifted
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U.S. Treasury Secretary Steven Mnuchin and Senate Majority Leader Mitch McConnell predicted Congress will raise the country’s debt limit in time to prevent an unprecedented default.
“We’re going to get the debt ceiling passed,” Mnuchin said Monday at an event in Louisville, Kentucky, downplaying the idea that the Treasury’s debt-ceiling deadline could pass without action and said payments can’t be prioritized without disruption. “Everybody understands, this is not a Republican issue, this is not a Democrat issue. We need to be able to pay our debts.”