Sep 3, 2017

Mnuchin says Harvey funds must be tied to debt ceiling rise

Dave Lawler, author of World

Pablo Martinez Monsivais / AP

Treasury Secretary Steven Mnuchin told "Fox News Sunday" that Congress must tie Harvey recovery funding to a clean debt ceiling rise, or else the money intended for Harvey might not arrive.

"Prior to Harvey I've said, you know, we have enough funding to go through the end of September... with Harvey its moved the situation up earlier," he said.

  • On whether Trump's threat to shut down the government over the border wall is out the window: "I can't really comment on if it's out the window or not out the window," but priority now is Harvey.
  • On whether tax reform will blow a hole in the national debt: "We want to make sure we can pay for things, but the way we're going to pay for things is with economic growth." He said he thinks growth will likely be higher than the models predict.
  • So will it be revenue neutral? "What we've said is we believe in dynamic scoring."

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