Mnuchin tries to blame coming rampage of fiscal irresponsibility on Hurricane Harvey

Source: Reuters

“U.S. Treasury Secretary Steven Mnuchin said on Thursday that Hurricane Harvey could bring forward the deadline by which the nation’s debt ceiling needs to be raised and that he is open to the borrowing cap being dealt with as part of a wider bill. ‘We obviously have now the hurricane spending, which is an issue. So that’s going to have some impact on our September spending,’ Mnuchin said in a interview with broadcaster CNBC, adding that it could affect the debt ceiling deadline by a couple of days. He also said projections may move around once the Treasury receives corporate tax receipts on Sept. 15.” (08/31/17)