Ex-GOP Treasury Secretaries Failed to Persuade McConnell

“Two former GOP treasury secretaries held private discussions this month with Treasury Secretary Janet Yellen and Senate Minority Leader Mitch McConnell (R-KY) hoping to resolve an impasse over the debt limit that now threatens the global economy,” the Washington Post reports.

“The previously unreported talks involving the GOP economic grandees — Henry Paulson, who served as treasury secretary under President Bush; and Steven Mnuchin, treasury secretary under President Trump — did not resolve the matter and the U.S. is now racing toward a massive fiscal cliff with no clear resolution at hand.”