The U.S.
federal government will have enough cash flow to pay its bills through at least
early September despite the limit on more government borrowing, Treasury
Secretary
Steven Mnuchin said on Monday, while urging lawmakers to raise the debt limit
soon.
Mnuchin
repeated his call for Congress to pass a bill authorizing further borrowing
before lawmakers break for a long August summer recess.
"I am
comfortable saying that we can fund the government through the beginning of
September," Mnuchin told lawmakers in a hearing when asked how urgent it
was to raise a limit on federal borrowing. "If we don't raise this
beforehand, I will be providing updated numbers based upon how revenues come
in."
The U.S.
government posted a wider budget deficit in May than analysts had expected, and
has run $433 billion into the red since the fiscal year began in October.
REUTERS*
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