Mnuchin Says Debt, Budget Deal Is Close, Expects China Call This Week

The transcript discusses ongoing trade talks with China, highlighting the desire for a quick agreement. It emphasizes the complexity of such deals, involving top-line numbers and offsets. The speaker is negotiating under the President's direction, with input from various stakeholders. The possibility of raising the debt ceiling is mentioned if agreements aren't reached. Conversations with China are ongoing, with a principal-level call expected soon.

What might happen if an agreement is not reached before the deadline?

What is the significance of the upcoming principle level call mentioned?