President Donald Trump’s chief economic adviser said Friday that Congress has no choice but to vote to raise the government’s borrowing authority, and that the White House will consider spending cuts or other riders to avert an unprecedented default.
Gary Cohn, the National Economic Council director, appeared to align himself with Trump’s budget director, Mick Mulvaney, and against Treasury Secretary Steve Mnuchin, who has said Congress should pass a “clean” bill to raise the debt limit. The internal administration dispute has become unusually public.
“At the end of the day, Congress is going to raise the debt ceiling because they have no other choice,” Cohn said in an interview on CNBC, brushing aside objections by conservative lawmakers who question the need to increase the limit.
“Treasury secretary would love to do a clean debt ceiling — I get that. But if we need to get things attached to get it