DEPARTMENT OF THE TREASURY
SECRETARY OF THE TREASURY
DEPARTMENT OF THE TREASURY
WASHINGTON, D .C .
July 12, 2019
The Honorable Nancy Pelosi Speaker U.S. House of Representatives Washington, DC 20515
Dear Madam Speaker:
Since there is a reasonable uncertainty in projecting government cash flows, it is impossible to identify precisely how long extraordinary measures will last. We model various scenarios for our cash projections. Based on updated projections, there is a scenario in which we run out of cash in early September, before Congress reconvenes.
As such, I request that Congress increase the debt ceiling before Congress leaves for summer recess.
Sincerely,
Steven T. Mnuchin
Identical letter sent to: The Honorable Kevin McCarthy, House Republican Leader The Honorable Mitch McConnell, Senate Majority Leader The Honorable Charles E. Schumer, Senate Democratic Leader
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