Mnuchin ‘100 percent confident’ debt ceiling will be raised

Treasury Secretary Steven MnuchinSteven MnuchinOn The Money: Schumer urges Democrats to stick together on .9T bill | Collins rules out GOP support for Biden relief plan | Powell fights inflation fears Mnuchin expected to launch investment fund seeking backing from Persian Gulf region: report Larry Kudlow debuts to big ratings on Fox Business Network MORE said Friday that he is “100 percent confident” the debt ceiling will be raised in September.

“I am 100 percent confident,” Mnuchin said at the White House press briefing. “Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellMinimum wage setback revives progressive calls to nix Senate filibuster Schiff sees challenges for intel committee, community in Trump's shadow McConnell says he'd back Trump as 2024 GOP nominee MORE said the same thing last week. There is no scenario where the government won’t be paying its bills.”

President Trump said Thursday that he had urged GOP leaders to tie the debt ceiling to a popular Veterans Affairs bill. He blamed Senate Majority Leader McConnell (R-Ky.) and Speaker Paul RyanPaul Davis RyanCruz hires Trump campaign press aide as communications director Bottom line Ex-Trump chief of staff Priebus mulling Wisconsin governor bid MORE (R-Wis.) for failing to do so, accusing them of creating a political “mess.”


“What the president said was that his strong preference had been when they passed the VA bill that they attached the debt ceiling to that so we wouldn't be dealing with this,” Mnuchin said.

Lawmakers returning after the August recess face a busy September, when they will need to pass a spending bill to keep the government open and raise the debt limit.

“I think there’s lot to do in September,” Mnuchin said. “We have the debt ceiling. We have a budget. Congress has a lot of work this month. I think the president and I wish they had raised the debt ceiling before they left … we'll get it done. 

Congress must raise the debt ceiling by the end of September so that the government can make its payments and keep the nation’s bond rating from being negatively impacted.