Treasury Secretary Steven Mnuchin and Office of Management and Budget Director Mick Mulvaney were on Capitol Hill this week sounding the alarm on the debt ceiling. That’s the limit on how much debt the government can rack up. Mnuchin and Mulvaney said Congress might have to lift or suspend the debt limit sooner than planned. Mulvaney said that’s because tax revenues are coming in slower than he expected. Why is there a revenue shortfall?
Click the audio player above to hear the full story.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.