Mnuchin: ‘Our Expectation Is the Budget Gets Passed Tomorrow Night’

RUSH TRANSCRIPT Bret Talking ░░░░░░░░ timing we haven t ░░░░░░░░ a lot of details ░░░░░░░░ Obviously you are dealing ░░░░░░░░ details with Capitol Hill ░░░░░░░░ do you think all ░░░░░░░░ it is going to ░░░░░░░░ out MNUCHIN Our expectation ░░░░░░░░ that the budget gets ░░░░░░░░ tomorrow night which we ░░░░░░░░ to come it will ░░░░░░░░ into conference with the ░░░░░░░░ as soon as the ░░░░░░░░ comes out of conference ░░░░░░░░ expectation is the house ░░░░░░░░ Senate will be releasing ░░░░░░░░ the details and we ░░░░░░░░ be working on the ░░░░░░░░ Bret What about the ░░░░░░░░ financial protection bureau Do ░░░░░░░░ think it has a ░░░░░░░░ I think it has ░░░░░░░░ future but it has ░░░░░░░░ future in a small ░░░░░░░░ smaller way Consumer protection ░░░░░░░░ important but we ve ░░░░░░░░ to get rid of ░░░░░░░░ lot of rules that ░░░░░░░░ hindering their economy and ░░░░░░░░ Bret In the wake ░░░░░░░░ equifax seems like there ░░░░░░░░ be a call for ░░░░░░░░ We had a group ░░░░░░░░ across the regulators Obviously ░░░░░░░░ is a huge issue ░░░░░░░░ just finished the G7 ░░░░░░░░ G20 meetings That was ░░░░░░░░ major issue We are ░░░░░░░░ very concerned about the ░░░░░░░░ breach Bret The head ░░░░░░░░ considering a run for ░░░░░░░░ governor Could the governor ░░░░░░░░ someone new Absolutely Term ░░░░░░░░ up next year we ░░░░░░░░ see whether he serves ░░░░░░░░ out or not but ░░░░░░░░ will be replacing him ░░░░░░░░ Bret Deficit and debt ░░░░░░░░ about the national debt ░░░░░░░░ the engine of the ░░░░░░░░ really starts churning it ░░░░░░░░ into motion perhaps inflationary ░░░░░░░░ If the interest rate ░░░░░░░░ up 1 the U ░░░░░░░░ Starts paying more interest ░░░░░░░░ the national debt that ░░░░░░░░ do for defense The ░░░░░░░░ for the national debt ░░░░░░░░ up in this environment ░░░░░░░░ serious is it We ░░░░░░░░ concerned about the data ░░░░░░░░ ve gone from 10 ░░░░░░░░ to 20 trillion under ░░░░░░░░ last administration we want ░░░░░░░░ put in place programs ░░░░░░░░ will pay down the ░░░░░░░░ over time It s ░░░░░░░░ important Bret Mr Secretary ░░░░░░░░ the time.