Jun 13, 2017

Mnuchin: govt shutdown could be "good"

Treasury Secretary Steven Mnuchin testifies at a House Appropriations subcommittee hearing on the budget, on Capitol Hill, Monday, June 12, 2017, in Washington. (AP Photo/Alex Brandon)

Treasury Secretary Steve Mnuchin told a Senate committee that "at times there could be a good shutdown" of the government. "There could be reasons at various times why that is the right outcome," Mnuchin said, according to the AP. He also said the government can pay its bills and avoid default "through September."

Why this matters: Congress faces two critical dates this fall, a Sept. 30 deadline to fund the government and an indeterminate date to raise the debt ceiling. Mnuchin gave Congress a bit more flexibility on the debt-ceiling (earlier deadlines had been before the August recess), but intensified the rhetoric over the funding fight.

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Coronavirus dashboard

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  1. Global: Total confirmed cases as of 3 p.m. ET: 1,475,976 — Total deaths: 86,979 — Total recoveries: 317,372Map.
  2. U.S.: Total confirmed cases as of 3 p.m. ET: 404,352 — Total deaths: 13,829 — Total recoveries: 22,775Map.
  3. States latest: New York Gov. Andrew Cuomo issued an executive order allowing New Yorkers to vote by absentee ballot for June 23 primaries.
  4. Federal government latest: The U.S. has begun to see "glimmers of hope" despite its highest recorded number of deaths in 24 hours, Dr. Anthony Fauci said.
  5. World updates: WHO Director-General Tedros Adhanom Ghebreyesus urged countries should put politics aside "if you don’t want to have many more body bags.”
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