By Elizabeth Dexheimer and Daniel Flatley, includes “U.S. Treasury Secretary Steven Mnuchin ruled out prioritizing U.S. debt payments if Congress fails to raise the borrowing limit and repeated his call for quick action by lawmakers. “I have no intent on prioritizing” debt payments, Mnuchin told a House Financial Services panel in Washington on Thursday. “That doesn’t make sense. The government should honor all of its obligation and the debt limit should be raised.” …” (Note: is the last sentence an oxymoron?)
Read the full article on: Bloomberg