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Trump administration wants to tie Harvey relief money to debt ceiling

04 September 2017

Trump now appears to be hoping that the urgent need for hurricane money can help get the GOP out of this mess - that pairing the debt limit increase with Harvey aid will prove a popular measure that enough Republicans can support. Mnuchin says he's not confident that Texas would quickly get the aid it needs without raising the debt limit.

Trump has asked Congress for $7.85 billion in aid for Harvey victims.

"Quite the contrary", Mr. Mnuchin told "Fox News Sunday".

Since 1960, Congress has acted 78 separate times to permanently raise, temporarily extend or revise the definition of the debt limit. Some conservatives want to link spending reforms to a debt ceiling hike.

Trump plans to meet with congressional leaders from both parties this week as lawmakers return to Washington after their summer recess.

Members of Congress were then expected to resolve the debt ceiling issue. "I think we may be in a situation where the administration believes we'll get more economic growth than perhaps the models that come out of Congress".

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And Rep. Mark Meadows, Chairman of the Conservative House Freedom Caucus, told the Washington Post combining the two issues into one piece of legislation was a "terrible idea".

WALLACE: And again, just to pin this down, if the debt limit isn't raised, will that interfere with the relief effort?

"Given the interplay between all the issues Congress must tackle in September, Democrats and Republicans must discuss all the issues together and come up with a bipartisan consensus", Senate Minority Leader Chuck Schumer, New York, and House Minority Leader Nancy Pelosi, California, said in a joint statement.

The U.S. Treasury Secretary has called for an additional round of sanctions on North Korea following their nuclear test on Sunday.

"I'm going to draft a sanctions package to send to the president for his strong consideration, that anybody that wants to do trade or business with them would be prevented from doing trade or business with us", Mnuchin explained.

Speaking Sunday on ABC's "This Week, " Cruz said the US should "use economic leverage to go against not only North Korea but every financial institution, every company that does business with North Korea". "But people need to cut off North Korea economically, this is unacceptable behaviour", he said. Mnuchin said the USA would work with China, but "people need to cut off North Korea economically".

Trump administration wants to tie Harvey relief money to debt ceiling