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In his letter to Speaker Paul Ryan, Treasury Secretary Steven Mnuchin urged lawmakers not to delay acting.Letter 8th March 2017Once that happens, Treasury will use a variety of bookkeeping maneuvers to continue to finance government operations, including making interest payments on the national debt. However, the Congressional Budget Office estimated in a report earlier this week that those measures will be exhausted by sometime in the fall. So is it time for Trump to do away with the self imposed debt cap and move ahead with his planned funding for the spending on his projects?FYI The debt currently stands at $19.8 trillion.
In his letter to Speaker Paul Ryan, Treasury Secretary Steven Mnuchin urged lawmakers not to delay acting.
Letter 8th March 2017
Once that happens, Treasury will use a variety of bookkeeping maneuvers to continue to finance government operations, including making interest payments on the national debt. However, the Congressional Budget Office estimated in a report earlier this week that those measures will be exhausted by sometime in the fall. So is it time for Trump to do away with the self imposed debt cap and move ahead with his planned funding for the spending on his projects?
FYI The debt currently stands at $19.8 trillion.
