To cut or not to cut? The debate over the government’s debt
To cut or not to cut? The debate over the government’s debt
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.
Stories You Might Like
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?
