U.S. Treasury Secretary Mnuchin urges Congress to raise debt ceiling as another shutdown looms

U.S. Treasury Secretary Mnuchin urges Congress to raise debt ceiling as another shutdown loomsU.S. Treasury Secretary Steven Mnuchin on Wednesday called on the Republican-controlled Congress to lift the federal debt limit “as soon as possible” so the government can pay employee benefits and other obligations. In a letter to congressional leaders and key committee chairmen, Mnuchin said the Treasury Department would continue to suspend payments into federal employee retiree, health and disability funds through Feb. 28. Congress must raise the nation’s debt ceiling to avoid a government default.



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