Economy

Steven Mnuchin: Trump would support replacing the debt ceiling with a bipartisan alternative

By Joseph Lawler
Published January 30, 2018 4:40pm ET
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Steven Mnuchin: Trump would support replacing the debt ceiling with a bipartisan alternative
Currently, the government is up against the debt ceiling. The Treasury is moving around accounts in order to pay bills as they come due. Secretary Steven Mnuchin said Tuesday he will run out of options sometime in February. (AP Photo/Manuel Balce Ceneta) | Manuel Balce Ceneta

The Trump administration would support replacing the federal debt ceiling with a bipartisan alternative, Treasury Secretary Steven Mnuchin said Tuesday.

“We are very open to bipartisan solutions to figure out something as an alternative to the current system that I think many of us would agree doesn’t work well,” Mnuchin said at a Senate hearing.

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Bipartisanship Budgets and Deficits Debt Ceiling Joseph Lawler National Debt Steven Mnuchin Treasury Department