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US Tsy's Mnuchin: 'Very Focused' On Passing Debt Ceiling Bill 

--Treasury Secretary Repeats Preference for Hill To Increase Debt Ceiling As
Soon As Possible
--Tsy's Mnuchin: 'No Intent' To Prioritize Payments 
By John Shaw
     WASHINGTON (MNI) - Treasury Secretary Steve Mnuchin said Thursday he
remains "very focused" in working with Congress to increase the statutory debt
ceiling in a timely way.
     During a hearing before the House Financial Services Committee, Mnuchin
said he believes it's important to increase the debt ceiling as quickly as
possible.
     He said he prefers Congress deal with the debt ceiling before leaving for
the August recess, but added that Treasury believes the debt ceiling should be
increased no later than the end of September.
     Mnuchin said he has "no intent" to begin prioritizing various government
payments.
     The Congressional Budget Office has said that Congress should deal with the
debt ceiling by the middle of October
--MNI Washington Bureau; tel: +1 202-371-2121; email: john.shaw@marketnews.com
[TOPICS: M$U$$$,MC$$$$,MFU$$$,MGU$$$]
USPolicy NewsFiscalGovernment sectorPolitical RiskRegionNorth America
USPolicy NewsFiscalGovernment sectorPolitical RiskRegionNorth America
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