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 Terner MnuchinCentrist Democrats got their COVID bill, now they want a vote The Hill's Morning Report - Sponsored by Facebook - Republicans lawmakers rebuke Trump on election On The Money: Anxious Democrats push for vote on COVID-19 aid | Pelosi, Mnuchin ready to restart talks | Weekly jobless claims increase | Senate treads close to shutdown deadline 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 PelosiPelosi: Trump Supreme Court pick 'threatens' Affordable Care Act Sunday shows preview: Lawmakers prepare for SCOTUS confirmation hearings before election Will Democrats attempt to pack the Supreme Court again? MORE (D-Calif.) have vowed to include such support in the legislation.  

“Fox News Sunday” host Chris WallaceChristopher (Chris) WallaceTrump, Biden will not shake hands at first debate due to COVID-19 Will Chis Wallace's debate topics favor Biden over Trump? House to vote on resolution affirming peaceful transition of power MORE asked Mnuchin if President TrumpDonald John TrumpBiden says voters should choose who nominates Supreme Court justice Trump, Biden will not shake hands at first debate due to COVID-19 Pelosi: Trump Supreme Court pick 'threatens' Affordable Care Act 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 McConnellHawley warns Schumer to steer clear of Catholic-based criticisms of Barrett Senate GOP set to vote on Trump's Supreme Court pick before election Harris slams Trump's Supreme Court pick as an attempt to 'destroy the Affordable Care Act' 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.