House Speaker Nancy Pelosi (D-Calif.) on Monday night said the House of Representatives will not raise the debt ceiling unless it is combined with a budget agreement.
Earlier in the day, Treasury Secretary Steven Mnuchin told reporters that if a budget deal is not reached soon, Congress will have to raise the debt ceiling before its August recess, otherwise there won't be enough money to pay the government's bills. This idea, Pelosi said, is not "acceptable to our caucus."
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