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"We're going to
get it increased," Mnuchin told Fox Business Network about the
debt limit. "The credit of the United States is the utmost. I've
said to Congress they should do it as quickly as they can. But
we are very focused on working with them and I'm confident we'll
get there before there's an issue."
Mnuchin said last week that he wanted a "clean" debt ceiling
increase before the start of Congress' summer recess in early
August.
Mnuchin said that it "makes no sense" to view the Trump
administration's tax reform plans through a "static" budget
analysis that does not account for economic growth effects. He
has previously pledged that increased economic growth would
generate more revenue to offset lower tax rates.
"We're about creating economic growth, we're about broadening
the base and we're going to make sure that this is tax reform,
not just tax cuts, and that they're paid for," Mnuchin said.
(Reporting by David Lawder; editing by Leslie Adler and Diane
Craft)
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