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31

Trump Weighs Tying Debt Limit Increase to Harvey Aid

By Tony Seruga

Approach intended to spur quick action to avoid U.S. default
Request for $5.95 billion aid package may come Friday

President Donald Trump is considering attaching an increase in the U.S. debt limit to an initial $5.95 billion disaster aid funding request for Hurricane Harvey, two administration officials said, a move aimed at lowering the risk of an unprecedented default.

The White House request, which could come as soon as Friday, would include $5.5 billion to the Federal Emergency Management Agency and the remainder to the Small Business Administration. The request is being prepared primarily to cover funding demands through the Sept. 30 end of the federal fiscal year, according to the officials, who described the matter on condition of anonymity…

Trump Weighs Tying Debt Limit Increase to Harvey Aid

Categories : Finance

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