WASHINGTON, D.C. SECRETARY OF THE TREASURY 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 governmentcash 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 werun out of cash in early September, before Congress reconvenes. Assuch, I request that Congress increase the debt ceiling before Congress leaves for summer recess. Sincerely, Shin T. Iw te! 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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WASHINGTON, D.C.
SECRETARY OF THE TREASURY
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 governmentcash 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 werun out of
cash in early September, before Congress reconvenes.
Assuch, I request that Congress increase the debt ceiling before Congress leaves for summer
recess.
Sincerely,
ShinT. Iwte!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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