• News
  • World

Mnuchin: Debt limit should be tied to Harvey funding

Mnuchin: Debt limit should be tied to Harvey funding

"Without raising the debt limit, I am not comfortable that we will get money to Texas this month to rebuild", Mnuchin told Fox News.

"China has a lot of trade with them", Mnuchin said.

President Donald Trump visited storm-ravaged areas in Texas over the weekend, expressing hope for speedy congressional action on Harvey aid.

The United States is scheduled to reach its debt limit by the end of the month unless Congress raises the ceiling. "It is absolutely critical, and the president is committed to making sure that the states have the money that they need".

Senator Roy Blunt, a junior member of the Senate's Republican leadership, said it was possible lawmakers could tie legislation raising the USA debt ceiling - an unpopular step among some Republican conservatives - to legislation providing financial aid for recovery from Harvey.

"The president and I believe that it should be tied to the Harvey funding", Mnuchin said Sunday.

The Trump administration wants federal spending on Hurricane Harvey relief efforts to be tied to raising the debt limit. In the wake of Hurricane Harvey, however, Mnuchin told CNBC on Thursday that the deadline could move up a few days.

Delhi: Building collapses in Sadar Bazar area; eight fire tenders at spot
Like other bravehearts, Ali climbed the colony's iron barricade and jumped into the water to rescue those trapped in the cars. The Fire Brigade and National Disaster Response Force teams arrived later and fished out vehicles with the help of cranes.

LEADING OFF: Astros play 'home' game, KC nears futility mark
In 2008, Hurricane Ike forced the Astros to shift a pair of games against the Cubs from Houston to Miller Park in Milwaukee. Plus, Rangers general manager Jon Daniels suggested it would have been unfair to fans with tickets to the September series.

At least 19 reported dead from Harvey in Texas
Sammy told his brother their parents were holding hands as the auto plunged into the water. Sammy's brother Ric said water "picked up" the vehicle and sent it plunging into a stream.

President Donald Trump visited storm-ravaged Texas Saturday saying he hopes for a "quick process" getting Congress to approve nearly $8 billion in initial Harvey relief.

Trump's aid request would add $7.4 billion to dwindling Federal Emergency Management Agency disaster aid coffers and $450 million to finance disaster loans for small businesses. So, we need to put politics aside and we're going to be urging Congress to get both of those things done as quickly as they can.

Mnuchin's spending-debt ceiling pitch resulted in a quick and favorable response from Congress's top two Democratic leaders.

Texas Governor Greg Abbott on Sunday estimated damage from Hurricane Harvey at $150 billion to $180 billion, calling it more costly than epic hurricanes Katrina or Sandy and fueling a debate over how to pay for the disaster.

"Given the interplay between all the issues Congress must tackle in September, Democrats and Republicans must discuss all the issues together and come up with a bipartisan consensus", Senate Minority Leader Chuck Schumer, New York, and House Minority Leader Nancy Pelosi, California, said in a joint statement.

Mnuchin argued that Texas will not be able to get the billions of dollars it needs unless Congress first agrees on a debt ceiling increase.

"To use that [hurricane aid] as a vehicle to get people to vote for a debt ceiling is not appropriate", the group's chair, Rep. Mark Meadows, R-N.C., said last week to The Washington Post.

Leave Your Comment

Leave Your Comment


Latest News

  • Gas prices on the rise in Saskatchewan due to Hurricane Harvey

    Gas prices on the rise in Saskatchewan due to Hurricane Harvey

    Hurricane Harvey has wreaked havoc in Texas along the Gulf Coast, causing oil refineries to pre-emptively shut down production. A gas shortage in the USA could spill over into Canada, McTeague told Global News .
    Benchmark's lawsuit against ousted Uber CEO Kalanick to go to arbitration

    Benchmark's lawsuit against ousted Uber CEO Kalanick to go to arbitration

    Last week, Uber said its sales reached $1.75 billion in the second quarter, up 17 per cent from the previous quarter. Khosrowshahi also revealed how Kalanick insisted that all of their phone calls were carried out over FaceTime.
    Fatah Official: Jared Kushner's Mideast Peace Mission Is a 'Delusion'

    Fatah Official: Jared Kushner's Mideast Peace Mission Is a 'Delusion'

    But the USA delegation refrained from committing to a two-state solution - the primary focus of peace efforts for decades. "We want to work toward a peace that both sides can agree to and that both sides find sustainable.
  • PM Modi arrives in China to attend BRICS summit

    PM Modi arrives in China to attend BRICS summit

    Issues like counter-terrorism and the global financial crisis will also come for up discussion. Later, the prime minister will visit Myanmar to boost bilateral ties from 5th to 7th September.
    O'Keefe replaces Hazlewood in Test squad against B'desh

    O'Keefe replaces Hazlewood in Test squad against B'desh

    Pat Cummins scored an unbeaten 33 down the order to inject some drama but it was not enough as Australia were all out for 244. He was also given a steady support from Australian skipper Steven Smith, who fell right after Warner's dismissal, for 37.
    Thousands evacuated as Rakhine burns

    Thousands evacuated as Rakhine burns

    An estimated 2,000 Rohingya were believed to have made it across the border overnight. Such attacks deserve to be condemned in the strongest possible terms.
  • Gov. Hutchinson authorizes the deployment of 1500 National Guardsmen to Texas

    Gov. Hutchinson authorizes the deployment of 1500 National Guardsmen to Texas

    The 44-person medical team will join 36 current Nebraska National Guard crew members now working in relief efforts. The Indiana National Guard will lend its help to those affected by Hurricane Harvey in Texas.
    Iran rejects US demand for inspection of its military sites

    Iran rejects US demand for inspection of its military sites

    Trump has been a vocal opponent of the deal, which he and his conservative supporters criticize as being too soft on Iran. An Israeli military strike may be the only option left to effectively derail Iran's nuclear program, former U.S.
    U.S.  economic growth hits 3% rate in second quarter

    U.S. economic growth hits 3% rate in second quarter

    Increases in personal consumption expenditures (PCE) and in nonresidential fixed investment were larger than previously estimated. The economy grew 2.1% in the first half of 2017 but economists said it was unlikely growth this year would meet Trump's goal.
  • Merkel: Europe still 'hasn't done homework' on refugees

    Merkel: Europe still 'hasn't done homework' on refugees

    She further said that they are passing through a very complex period in relations with Turkey . Turning to Turkey, Merkel ruled out an expansion of the EU's customs union with Ankara.
    Rescheduled Cowboys-Texans game at AT&T canceled

    Rescheduled Cowboys-Texans game at AT&T canceled

    Those who have purchased tickets to the game can get a refund; if not, the money will still go to the relief fund. The Dallas Cowboys confirmed that Thursday's preseason finale with the Houston Texans has been canceled.
    IS Evacuation Deal Sparks Iraqi Outrage

    IS Evacuation Deal Sparks Iraqi Outrage

    The U.S. -led coalition said Wednesday it struck a roadway being used by a Daesh convoy fleeing to territory it controls. Any strike will be in accordance with " the law of armed conflict ", Dillon said.
  • Defense Secretary Mattis Contradicts Trump After President Threatens North Korea

    It continued, "Mattis did not reverse Trump or defy him on the broader ban against new recruits who are transgender people". Now, with Mattis' directive in hand, the Pentagon has six months to prepare before the ban is implemented.
    Taylor Swift sent flowers to music video dancers

    Taylor Swift sent flowers to music video dancers

    There are several snake references through the video - apparently a recurring motif for her forthcoming new album reputation . The dancers helped keep Taylor's song and video top secret before she released it over the weekend.
    Major heat wave will hit San Diego County on Monday

    Major heat wave will hit San Diego County on Monday

    Temperatures were well above average in most of San Diego County Sunday amid a heat advisory from the National Weather Service . Highs in El Cajon and Escondido are expected to reach 102, which would match the records in both cities for the date.
  • U.S. successfully tests shooting down ballistic missile

    The military has conducted three tests in total, but during a test in June, the interceptor failed as a result of human error. Sailors aboard the destroyer USS John Paul Jones tracked it with radar and fired an interceptor missile to shoot it down.
    Aaron Greenberg: Xbox One fans can expect more Japanese Games

    Aaron Greenberg: Xbox One fans can expect more Japanese Games

    After opening preorders last Sunday, Microsoft now says the Xbox One X is the "fastest-selling Xbox pre-order ever". The partner retailers of Microsoft will soon drop the console when they run out of stock as well.
    Android Oreo supports theming without root

    Android Oreo supports theming without root

    Pixel and Nexus users will be among the first to get the new update, which is not surprising at all. Android Oreo mainly focuses on battery life, speed and security, with greater control of apps.

Breaking News



Recommended

Cashless economy was not the original objective of demonetisation

He said, "Post-demonetisation that number went close to 54-55 per cent but it has now come back to 45-46 per cent". The RBI yesterday said about 99 per cent of Rs 15.44 lakh crore demonetised currency came back into the system.

Assault, Manslaughter Charges Dismissed in Beta Theta Pi Case

He soon died at a hospital. "This is no day for celebration for anyone", Kline said. He called the defendants' experience frightful and said they have been demonized.

LG V30 is now official, but it has one puzzling feature

The smartphone also has support for Master Quality Authenticated ( MQA ) technology for high-resolution audio streaming. The LG V30 is finally powered by the Snapdragon 835 chipset coupled with 4GB of RAM and 64/128GB of on-board storage.

Google Assistant is making its way to third-party speakers and appliances

The Mountain View California-based tech giant at its I/O keynote announced that its Google Assistant will be available on iOS. Google this week is announcing a series of partners who are bringing its Google Assistant technology to their smart speakers.

USA to take dream of inspecting Iran's military sites to grave

Russia, China, France, the UK, Germany, and the EU) remain committed, that Iran will remain committed to the deal as well . The body is responsible for verifying Iran's compliance under the agreement.

President Donald Trump Goes On Road Trip To Sell Tax Reform Plan

President Donald Trump will start his campaign to reform the nation's tax code Wednesday with a speech in Springfield, Mo. According to the Springfield News-Leader, company executives contributed to Trump's presidential campaign previous year .

Lebanon Calls on United Nations to Renew Peacekeepers' Mandate

Secretary General, to work to end the discrimination against Israel in some branches of your organization". Besides Israel and the Palestinian territories, Macron said the trip will include Lebanon and Jordan.

Hot new app? Most of us can't be bothered to download it

This is the closest any Android smartphone user can get to Android Oreo without rooting the phone or owning a compatible device. Inside of version 9.60 for Google Maps , Picture-in-Picture (PiP) support appears to be live for folks running Android 8.0.

Palestinian president to hold talks in Ankara

They are seeking an end to Israeli settlement construction and also want the U.S.to support the creation of the Palestine state. Kushner heard out the Palestinian leader's demands and postponed any responses for the next meeting they have.

Protecting yourself and money after winning the lottery

Lottery players will have a shot at a $700 million Powerball jackpot that ranks as the second largest in US history. Five white balls are drawn from a drum containing 69 balls and one red ball is selected from a drum with 26 balls.