This is all about Washington’s second favorite, semi-annual acrobatic regimen: a fight over increasing the debt ceiling. Multiple Congressional sources tell Fox that Mulvaney infuriated Democrats during the last set of bicameral, bipartisan meetings on the debt ceiling on Capitol Hill. MNUCHIN WARNS PELOSI DEBT CEILING COULD BE HIT BY SEPTEMBERMnuchin sent Pelosi a letter underscoring the need hike the debt ceiling in the next couple of weeks. Even if failing to address the debt ceiling issue threatens the market or the ability of the federal government to borrow. And while policymakers may negotiate this over the phone, hiking the debt ceiling is a subject so significant that you can’t just phone it in.

Source: Fox News July 15, 2019 03:11 UTC