To cut or not to cut? The debate over the government’s debt

Nancy Marshall-Genzer Jun 1, 2017
HTML EMBED:
COPY

To cut or not to cut? The debate over the government’s debt

Nancy Marshall-Genzer Jun 1, 2017
HTML EMBED:
COPY

There’s a tug of war in the Trump administration over the debt ceiling — specifically, whether Congress should attach spending limits to legislation raising or suspending the ceiling. It limits how much the Treasury Department can borrow to pay its bills. Now, Treasury Secretary Steven Mnuchin is urging Congress to raise the debt ceiling with no strings attached. But budget Director Mick Mulvaney says he wants cuts attached. What’s best for the economy?

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.