Congress, White House Have Political Appetite for Debt Limit Deal: Pimco

The video discusses the political motivation to extend the debt limit and avoid sequester cuts before the congressional recess. It highlights the budget sequester's history and Congress's tendency to avoid spending cuts. The role of Mick Mulvaney in the negotiations is also examined, noting that Secretary Mnuchin leads the discussions from the White House perspective.

What is surprising about the timing of the negotiations mentioned in the text?

What role does Mick Mulvaney play in the negotiations according to the text?