U.S. Treasury's Mnuchin urges congress to raise debt limit prior to August break

Eren Sengezer FXStreet

U.S. Treasury Secretary Steven Mnuchin crossed wires, via Reuters, suggesting that the Congress needs to approve a "clean" increase in the federal debt limit by the time it starts its summer recess in early August.

Key quotes (via Reuters):

Preference is for congress to pass a "clean" debt ceiling increase
Will do everything in Treasury's power to put additional sanctions on Iran, Syria, North Korea to protect American lives
Treasury reviewing licenses for Boeing and Airbus to sell to Iran

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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