Mnuchin: ‘If we need to spend more money we will, and we’ll only do it with bipartisan support’
Treasury Secretary Steven Mnuchin 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 Pelosi (D-Calif.) have vowed to include such support in the legislation.
“Fox News Sunday” host Chris Wallace asked Mnuchin if President Trump 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 McConnell (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.
Copyright 2023 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.