Trump Adviser Cohn Open to Concessions on U.S. Debt Ceiling
- Mulvaney, Cohn counter Mnuchin’s request for clean bill
- Budget director has downplayed risks of U.S. default
White House's Cohn on Jobs Report, Fed, Paris Accord
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President Donald Trump’s chief economic adviser said Friday that Congress has no choice but to vote to raise the government’s borrowing authority, and that the White House will consider spending cuts or other riders to avert an unprecedented default.
Gary Cohn, the National Economic Council director, appeared to align himself with Trump’s budget director, Mick Mulvaney, and against Treasury Secretary Steve Mnuchin, who has said Congress should pass a "clean" bill to raise the debt limit. The internal administration dispute has become unusually public.