Treasury’s Mnuchin says deal to raise U.S. debt ceiling getting closer

Treasury's Mnuchin says deal to raise U.S. debt ceiling getting closerTreasury’s Mnuchin says deal to raise U.S. debt ceiling getting closer

WASHINGTON (Reuters) – U.S. Secretary Steven Mnuchin said on Monday the administration and Congress are getting close to a deal on raising the U.S. debt ceiling and he has urged lawmakers to take action on the issue before their August recess.

“I think there is a preference on both parties, to the extent that we can agree on the debt ceiling and a budget deal, that is the first choice, and I think that we’re getting closer,” Mnuchin told reporters during a briefing at the White House.

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