Latest budget could make interest rates ‘spike,’ says White House’s Mulvaney

Mick Mulvaney is acknowledging the risks in the bipartisan spending plan that became law last week after a brief government shutdown.

The White House budget director tackled the topic on “Fox News Sunday,” as host Chris Wallace grilled him.

One of Wallace’s questions during the cable TV show was whether it was “dangerous” to add to the government deficit when the U.S. economy is booming.

“Certainly there’s a risk that interest rates will spike,” Mulvaney said on Sunday, according to a transcript published by Fox News.

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