Mnuchin: 'If we need to spend more money we will, and we'll only do it with bipartisan support'

Mnuchin: 'If we need to spend more money we will, and we'll only do it with bipartisan support'
© Bonnie Cash

Treasury Secretary Steven MnuchinSteven MnuchinThe Hill's Morning Report - Presented by Alibaba - Biden jumps into frenzied Dem spending talks Former Treasury secretaries tried to resolve debt limit impasse in talks with McConnell, Yellen: report Menendez, Rubio ask Yellen to probe meatpacker JBS MORE said Sunday that the administration will send more funding to states if necessary but will only do so with bipartisan support.

There is an emerging battle over whether to fund state and local governments in the next stimulus bill. Democrats including Speaker Nancy PelosiNancy PelosiOn The Money — House pushes toward infrastructure vote US mayors, Black leaders push for passage of bipartisan infrastructure bill Lawmakers say innovation, trade rules key to small business gains MORE (D-Calif.) have vowed to include such support in the legislation.  

“Fox News Sunday” host Chris WallaceChristopher (Chris) WallaceYarmuth and Clyburn suggest .5T package may be slimmed Budget chairman: Debt ceiling fight 'a ridiculous position to be in' NIH director expects booster shots to be expanded, despite recommendation MORE asked Mnuchin if President TrumpDonald TrumpJulian Castro knocks Biden administration over refugee policy Overnight Energy & Environment — League of Conservation Voters — Climate summit chief says US needs to 'show progress' on environment Five takeaways from Arizona's audit results MORE would back giving aid to the states as several governors across the country are requesting.

Mnuchin responded that the president had “heard from governors,” and the administration would consider providing this money to the states.

“But our focus right now is really on execution and – that’s what we’re focused on,” he said, adding “we’ll win this war, if we need to spend more money we will, and we’ll only do it with bipartisan support.”

Wallace also asked the treasury secretary if he’s concerned about having a national debt higher than the country’s GDP. Mnuchin said low interest rates have been helpful but the administration will have to look into how to handle the debt. 

“We’re going to need to look at over time how we deal with that issue,” he said. “But right now, we’re in a war and we have to protect American workers and American business, and we’re going to do whatever we need to take to do that.”

Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellWe don't need platinum to solve the debt ceiling crisis The Hill's Morning Report - Presented by Alibaba - Democrats argue price before policy amid scramble House passes standalone bill to provide B for Israel's Iron Dome MORE (R-Ky.) said last week he would back states declaring bankruptcy instead of providing more federal funding, putting him against Pelosi and Democrats. Democratic and some Republican governors across the country blasted McConnell for the remarks.