Pelosi Wants July Debt Limit Solution But Hurdles Still Remain
- Democratic speaker plans another call with Mnuchin on Friday
- Default risk could come sooner than previously estimated
Nancy Pelosi on July 11.
Photographer: Win McNamee/Getty Images North AmericaThis article is for subscribers only.
U.S. House Speaker Nancy Pelosi said Congress should act this month to raise the debt ceiling, but it’s not clear that lawmakers and the White House will strike a deal before the House is set to leave town on July 26 for a six-week recess.
Congressional leaders have increasingly acknowledged that waiting until September to allow the U.S. to borrow more money would raise the prospects of a payment default if new unofficial estimates are correct.