The US will be able to pay the expenditures under the debt ceiling until September

© RIA Novosti / Vladimir Astapkovich in fotobounce the Capitol in Washington. Archival photoThe US will be able to pay the expenditures under the debt ceiling until September© RIA Novosti / Vladimir Astapkovich the image Bank

The US government can pay for public spending under the debt ceiling until early September, said Monday the Minister of Finance Steven Mnuchin.

However, speaking at a hearing in the U.S. Congress, he called for the speedy adoption of the bill on the debt ceiling.

«We can Fund the government until the beginning of September,» he said.

In case if legislators will not need to make a decision about raising the debt ceiling, the government will be forced to stop its work until the approval of the bill. This will mean that Federal government employees have to go on unpaid leave, and the place will remain only those officials, whose presence at work is necessary to ensure national security.

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