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Who, What, and Where is "Jared Rand?" by FXStrategist

Who, What, and Where is "Jared Rand?" by FXStrategist Published with Permission (Message written to Kre8change, shared here) If ...

Thursday, June 15, 2017

"Mnuchin Let out a Big Clue" - Thurs. PM KTFA Thoughts/News

KTFA

Doc.K » June 15th, 2017


The article about Mnuchin stated the congress going on vacation for 5 weeks in August stated that Mnuchin said - paraphrasing here " If they won't pass the budget, we have other means of funding the government. " The article was on here maybe a day or 2 ago.

To me, that put the timeline in mid to late July from the info in the article. I think Mnuchin let out a big clue. I will try to find article........ Found it :

Wall Street Journal: Treasury Secretary Mnuchin urges Congress to raise debt ceiling, gets grilled on Trump's tax plan

Jacob Pramuk | @jacobpramuk

Tuesday, 13 Jun 2017 | 11:53 AM ET

https://www.wsj.com/amp/articles/backup-plans-in-place-if-debt-ceiling-not-addressed-before-recess-mnuchin-says-1497039046

Mnuchin says U.S. can cope if debt ceiling not raised by August

By Saleha Mohsin and Andrew Mayeda

Bloomberg News

(Bloomberg) The U.S. government has “backup plans” for funding itself if Congress doesn’t raise the debt limit before lawmakers leave for their August recess as hoped, Treasury Secretary Steven Mnuchin said.

“I don’t want to leave any doubt, we have plans, backup plans for funding the government,” Mnuchin told reporters Friday at a press conference in Ottawa with Canadian Finance Minister Bill Morneau. “We will be fine if they don’t do it beforehand, but I want to emphasize that the sooner they do it, the less uncertainty there is in the market,” he said.

While the government hit its borrowing limit in March, it’s been relying on special accounting maneuvers to keep spending under the current ceiling of nearly $20 trillion. Increasing the debt limit -- a responsibility of Congress -- has become increasingly fraught in recent years as lawmakers used the debate as a bargaining chip for spending controls.

Mnuchin acknowledged that tax revenue is coming in “somewhat” lower than expected as a result of anticipated tax cuts, though he added that he’s not concerned. He repeated on Friday that the administration aims to complete an overhaul of the Tax Code this year.

Treasury Secretary Steven Mnuchin Bloomberg News

The Treasury Department has projected it will run out of money in the second half of the year. Receipts totaled $2.17 trillion in the eight months through May, about 3 percent lower than projections, the Congressional Budget Office said in monthly projections this week.

Asked to elaborate on the administration’s backup plans, Mnuchin joked that he would use his Treasury secretary “superpowers” to solve the issue, referring to special accounting measures to remain below the ceiling.

“The U.S. credit is the most important and the strongest in the world, and we will make sure we do everything to make sure we can continue on that,” he said.

https://www.accountingtoday.com/articles/mnuchin-says-us-can-cope-if-debt-ceiling-not-raised-by-august?feed=00000152-a2fb-d118-ab57-b3ff6e310000

U.S. News

Backup Plans in Place if Debt Ceiling Not Addressed Before Recess, Mnuchin Says

Don961 » June 15th, 2017

Video: ISIS releases its defeat speech

June 15 2017 04:41 PM

The recent propaganda video released by ISIS spokesman, Abul-Hasan Al-Muhajir is considered as defeat speech for the terrorist group, Analysts told the Baghdad post on Thursday

ISIS has been dealt a significant blow with deaths of its key leaders and setbacks on the battlefields, a security expert added.

ISIS statement described the US-led military operation as a difficult ordeal which caused panic in its ranks.

Muhajir urged the terrorists to be steadfast and called on the local population to join the group after hundreds of ISIS elements had been killed over the past months.

The speech desperately asked ISIS followers all over the world to carry out attacks in Saudi Arabia, Asia, US , Russia and Europe.

This comes as the offensive launched on 19th of February by US-backed Iraqi forces, supported by Iranian-backed sectarian IMIS Shiite militias, to oust ISIS terrorists from Mosul, their last major stronghold in Iraq enters its last stages.

http://www.thebaghdadpost.com/en/story/12092/Video-ISIS-releases-its-defeat-speech

https://youtu.be/DNGI2ylgqIo

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