US Treasury Secretary Wants More Sanctions on N. Korea

Treasury Secretary Steve Mnuchin takes a question in the briefing room of the White House in Washington Wednesday

Treasury Secretary Steve Mnuchin takes a question in the briefing room of the White House in Washington Wednesday

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 has repeatedly said that it's "critical" that Congress raise the debt ceiling by September 29.

"The President and I believe that it should be tied to the Harvey funding". The White House is asking Congress for $7.8 billion in immediate aid, plus another $6.7 billion within weeks ahead of the House of Freedom caucus, Mark Meadows, says he does not want to see that disaster aid tied to a bill to raise the debt limit. "It is critical and to do that, we need to make sure we raise the debt limit".

"Our first priority is to make sure that the state gets money", Mnuchin also said Sunday.

Senator Roy Blunt, a junior member of the Senate's Republican leadership, said it was possible lawmakers could tie legislation raising the US debt ceiling - an unpopular step among some Republican conservatives - to legislation providing financial aid for recovery from Harvey. "So we need to put politics aside".

Many conservative Republicans have indicated they will only vote for a debt limit bill that contains promises of federal spending cuts.

The U.S. government hit the $19.8 trillion debt limit in March and the Treasury Department has been using accounting maneuvers to free up borrowing.

"Providing aid in the wake of Harvey and raising the debt ceiling are both important issues, and Democrats want to work to do both", said Senate Democratic leader Chuck Schumer of NY and House Democratic leader Nancy Pelosi of California in a joint statement Sunday.

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Dallas RB Ezekiel Elliott's appeal hearing ended on Thursday, and now the decision is in arbitrator Harold Henderson's hands. The restraining order comes on the heels of the testimony of Kia Wright Roberts, the NFL's director of investigations.

But on Sunday, he said that deadline had moved up due to unexpected new spending on Harvey.

S&P warned last week that failure by Congress to lift the debt ceiling would likely be "more catastrophic" than the collapse of Lehman Brothers in 2008 that led to the global financial crisis.

"This is where we come to the part where Congress plays a role".

"That sends all the wrong message: 'Let's go ahead and increase the debt ceiling, and by the way, while we're doing it let's go ahead and spend another $15, $20 billion?' That's not to undercut the importance of Harvey relief".

On Sunday, Texas Gov. Greg Abbott described the federal aid package as an important initial "down payment" on Harvey relief that he expects will come to $150 billion to $180 billion.

But Houston Mayor Sylvester Turner said his city was making progress on several fronts, resuming city services and helping get people into housing and out of emergency shelters. "And the President has made it clear that we want a better economic deal", Mnuchin said.

Rep. Adam Schiff (D-Calif.), the ranking Democrat on the House Intelligence Committee, said on CNN's "State of the Union." that "the reality is [North Korea] is a grave threat to the United State and it is one we will have to respond to".

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