Mitch McConnell: 'Zero chance' Congress fails to raise debt ceiling


Senate Majority Leader Mitch McConnell on Monday addressed the notion of "fake news" - a phrase often appropriated and used incorrectly by President Donald Trump - distancing himself from Trump's frequent use of the term.

"My view is that most news is not fake, but I do try to look at a variety of sources", McConnell said at a Chamber of Commerce event in Louisville, Kentucky, according to Time Magazine. "And we'll get the job done in conjunction with the secretary of the Treasury". Mnuchin has said the Treasury can keep paying bills through September.

Mr. Mnuchin said that while he's all for spending controls, it's his "strong preference" that there is a "clean" debt limit increase. Some conservatives, particularly in the House, have previously tried to pair measures to raise the debt ceiling with spending cuts.

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"We're going to get the debt ceiling passed".

Those issues include tax reform, which Republican leaders aim to start working through Congress next month. McConnell and Mnuchin on Monday touted the need for tax reform but did not go into new details beyond what they have discussed previously.