US Mnuchin: Treasury has back up plans if congress doesn't raise debt limit before August

Speaking before the Committee on Appropriations Subcommittee on Financial Services and General Government United States House of Representatives, U.S. Treasury Secretary Steven Mnuchin gave his remarks with the key quotes, via Reuters, found below:

• Congress should raise debt limit as soon as possible and before August recess
• Treasury has back up plans if Congress doesn't raise debt limit before August
• Comfortable that Treasury can fund govt through beginning of September without raising debt ceiling