U.S. Treasury Secretary Steven Mnuchin on Friday said he was not worried by the fact that Washington’s tax revenues were lower than expected and also said he had a backup plan for funding government if Congress did not raise the debt ceiling by August.
A May 5 report by the nonpartisan Congressional Budget Office said government tax receipts for early 2017 were 3 percent lower than expected.
“Receipts are coming in somewhat lower, and I think that’s in expectation of that (sic) we’re going to do tax reform,” Mnuchin told a news conference in the Canadian capital Ottawa.
“I’ve been consistent in (saying) we hope Congress deals with the debt limit as soon as possible but in any event, we’re not concerned. We’re focused on … the credit of the U.S.,” he added.
Mnuchin wants lawmakers to raise Washington’s borrowing limit before they break for a long recess in August.
Asked what would happen if Congress did not act before then, he replied: “We will be fine if they (Congress) don’t do it beforehand … we have plans and back-up plans for funding the government.”
(Reporting by Lindsay Dunsmuir and Leah Schnurr; writing by David Ljunggren; Editing by Nick Zieminski)
The View explodes in confusion after Meghan McCain makes Trump’s Ukraine debacle all about herself
Meghan McCain managed to place herself at the center of a debate about a whistleblower complaint filed against President Donald Trump.
"The View" grappled with reports that Trump dangled U.S. military aid to Ukraine in exchange for damaging information against Joe Biden, and co-host Abby Huntsman agreed that was an impeachable offense -- but expressed doubts about the accuracy.
"This is a blown-up story and we have no facts, there's no gray area," Huntsman said. "It's black and white, and that would give Trump all the more ammunition if this isn't even true to say, this is what the media does."
Dem lawmaker encourages acting-DNI to ignore White House and deliver the whistleblower report directly to Congress
Appearing on CNN on Friday morning to discuss an alarming whistleblower report on Donald Trump's actions that the president's administration is withholding from Congress, Rep. Eric Swalwell (D-CA) encouraged the acting Director of National Intelligence to hand the report over and ignore the administration.
Speaking with CNN host Jim Sciutto, Swalwell made a direct appeal to acting-DNI head Joseph Maguire.
"This is an opportunity for Republicans and Democrats to unite and say, we don't want this in our democracy," Swalwell explained. "You know, that's why I wrote the Protecting Our Democracy Act, to, you know, have a bipartisan commission look at this."
‘Young people have had enough’: Global climate strike youth activists on why they are marching today
Today is the Global Climate Strike, inspired by 16-year-old Swedish activist Greta Thunberg. As people took to the streets in Africa, Asia, Europe and Australia, we host a roundtable discussion with youth activists organizing marches in the United States — in New York City, Washington, D.C., and Minneapolis — ahead of next week’s U.N. Climate Action Summit. We are joined by Xiye Bastida, a 17-year-old climate justice activist originally from Mexico who is an organizer with Fridays for Future New York and a student at Beacon High School in New York; Katie Eder, a 19-year-old climate justice activist who founded the Future Coalition, where she is currently the executive director; Juwaria Jama, a 15-year-old and first-generation Somali from Minneapolis, Minnesota, who is with U.S. Youth Climate Strikes and is the co-state lead for the Minnesota Youth Climate Strike; and Isra Hirsi, a high school junior and executive director of the U.S. Youth Climate Strike, daughter of Democratic Representative Ilhan Omar.