Ryan won't back scrapping debt ceiling amid reported Trump-Schumer pact - News Summed Up

Ryan won't back scrapping debt ceiling amid reported Trump-Schumer pact


"As imperfect as this tool is, I always see this as a good tool for fiscal discipline," Ryan told host Martha MacCallum. The Washington Post reported Thursday that Trump and Schumer, along with House Minority Leader Nancy Pelosi, D-Calif., discussed the idea of scrapping the debt ceiling at a White House meeting Wednesday and agreed to pursue the matter over the next several months. Ryan added that he "wasn't furious" with Trump for cutting a deal with Pelosi and Schumer raise the nation's debt ceiling and keep the government operating for another three months. In doing so, Trump overruled Treasury Secretary Steven Mnuchin, Senate Majority Leader Mitch McConnell, R-Ky., and Ryan himself to agree to the short-term debt ceiling increase, a position the Speaker had slammed as "ridiculous and disgraceful." "I completely understand why [Trump] was doing what he was doing," Ryan told Martha MacCallum Thursday night.


Source: Fox News September 07, 2017 21:51 UTC



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