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6/19, 10:25 PM (Source: TeleTrader)
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WH to propose 1-year govt debt limit hike if no deal - Mnuchin

Treasury Secretary Steven Mnuchin stated on Wednesday that the White House will propose a one-year debt ceiling hike in case there is no agreement in Congress on the matter. He also stressed that President Donald Trump intends to keep the government open.

Mnuchin participated in a budget meeting with the Senate Appropriations Committee Chairman Richard Shelby which ended without a deal on the debt caps. "We are taking sequester off the table. We are prepared to do a one-year CR [continuing resolution] with a one-year debt ceiling," the treasury secretary told reporters after the meeting ended.

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