US Treasury Secretary Steven Mnuchin said yesterday that a deal is close on raising debt ceiling. and he didn’t see another government shutdown looming over the issue. Trump’s administration and Congress have been discussing a possible two-year budget that sets that overall federal spending for fiscal 2020 and 2021. He added “we’re getting closer”.
He emphasized that all parties wanted to reach an agreement on the budget issues. And, if a deal on all issues couldn’t be reached before summer recess, lawmakers would either stay put or approve an increase in the debt ceiling. He noted, “I think we’re very close to a deal, but as you know, these deals are complicated.”
Separately, he also noted that there will another telephone call with Chinese officials this week regarding resuming trade negotiations. And, “to the extent that we make significant progress, I think there’s a good chance we’ll go there later.”