Treasury Secretary Steven Mnuchin testifies during the Senate Budget Committee hearing on the President’’s budget proposals Tuesday, June 13, 2017. (Bill Clark/CQ Roll Call)
Treasury Secretary Steven Mnuchin said Thursday he remained confident Congress would vote on a debt limit bill before the government runs out of money to pay the nation’s bills, but he suggested Congress needs to act sooner than the Sept. 29 date he has previously cited.
“The next big cash day for us is obviously Sept. 15 — that’s when we get corporate taxes, so the projections could move around a little bit,” Mnuchin said on CNBC. “We obviously have now the hurricane spending, which is an issue. So that is going to have some impact on our September spending. But, more importantly, we are going to have to go to Congress and get authorization to spend more, because it’s absolutely critical that we spend money to help the state.”