Mnuchin Says There Is No ‘Break-the-Glass’ Solution for US Borrowing
Treasury veterans warn of need to grapple with deepening deficits.
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I’m Saleha Mohsin , senior Washington correspondent. Today we’re looking at differing views on US debt from former Treasury chiefs. Send us feedback and tips to ecodaily@bloomberg.net . And if you aren’t yet signed up to receive this newsletter, you can do so here .
The two most recent former Republican US Treasury chiefs are each battle-hardened veterans who fought once-in-a-generation economic crises when in office. They have differing takes on some of the challenges tied to the ever-increasing federal debt burden.