With fall right around the corner, raising the debt ceiling is making headlines again. Politico reported last week that Republican congressional leaders are “quietly preparing to pass a ‘clean’ debt ceiling increase … setting the stage for a high-risk showdown with rank-and-file Republicans.”
Trump administration officials, led by Treasury Secretary Steven Mnuchin, are calling on Congress to raise the $19.8 trillion debt limit with no strings attached by the end of September. Politico adds that Senate Majority Leader Mitch McConnell and Speaker Paul Ryan are on board, albeit begrudgingly.
Financial expert Dan Celia, nationally syndicated host of “Financial Issues,” says Congress has a lot of work to do before September rolls around and that the legislative progress must get moving, especially with the important issues of a debt ceiling increase and a budget—hard issues that few want to discuss—looming.
To interview Celia, contact Beth Harrison, 610-584-1096, ext. 104, [email protected] or Deborah Hamilton, 215.815.7716 or 610.584.1096, ext. 102.