WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said relief funding for hurricane-ravaged areas of Texas might be delayed if the U.S. Congress does not quickly increase the government’s debt limits.
“Without raising the debt limit, I am not comfortable that we will get money to Texas this month to rebuild,” Mnuchin said on Fox News on Sunday. U.S. President Donald Trump has requested nearly $8 billion for relief to areas hit by Hurricane Harvey.
The United States is on track to hit its mandated debt limit by the end of the month unless Congress moves to increase it.
Reporting by Joel Schectman; Editing by Lisa Von Ahn