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ICYMI: Mnuchin says yuan will be in focus in next round of China talks

  
  Analysis
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An overnight report on comments from US Treasury Secretary Mnuchin

  • “I expect the governor of the People’s Bank of China to come over for these talks,” Mnuchin told reporters Monday. “So part of the conversations we will be having with them is around currency and currency manipulation.”
Via Politico (more at the link, but the quote above is the gist of it)
An overnight report on comments from US Treasury Secretary Mnuchin

US Treas Sec Mnuchin warns that debt ceiling could be hit in September

  
  Analysis
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The debt ceiling drums are being beat again, US Treasury Secretary Mnuchin warned that it’d be hit in September.

  • “We model various scenarios for cash projections. Based on updated projections, there is a scenario in which we run out of cash in early September, before Congress reconvenes,” “it is impossible to identify precisely how long extraordinary measures [to avoid default] will last.”
The administration wants to borrow more, increase debt in the US. The usual.
House Speaker Pelosi and Senate Majority Leader McConnell want to rasiet eh ceiling as per Mnuchin’s request, but want it as part of a broader, two-year budget agreement.
Discussions on the timetable will continue this week.
The debt ceiling drums are being beat again, US Treasury Secretary Mnuchin warned that it'd be hit in September.
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