The daily business briefing: July 16, 2019

Pelosi says no debt-ceiling hike without budget deal, Amazon workers in Minnesota and Germany strike on Prime Day, and more

Fake Amazon boxes on the ground
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1. Pelosi says House won't raise debt ceiling without budget deal

House Speaker Nancy Pelosi (D-Calif.) said Monday that the House would not raise the debt ceiling unless it is part of a budget deal. Treasury Secretary Steven Mnuchin told reporters that Congress will have to raise the debt ceiling before its August recess if there is no budget deal before then. Otherwise, he said, the federal government won't have enough money to pay all of its bills. Lawmakers have until the end of September to hammer out a budget deal, as that's when funding for several agencies is scheduled to run out. The Treasury Department can only issue debt up to the limit set by Congress. Since President Trump's inauguration, total government debt has increased by about $3 trillion, to more than $22 trillion.

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