Some good news out from today's hearing at least on the surface.
Good question here from a Democrat Senator:
Senator Michael Bennet expressed concern about how Steven Mnuchin would advise Trump if he is confirmed as treasury secretary. He listed the impacts from the 2011 government shutdown: a ratings agency downgraded the nation's deficit for the first time in history, and the stock market fell and did not recover for almost a year.
“It was completely a self-inflicted wound on the American economy. It hurt retirement savings and dealt a blow to job growth and job creation,” Bennet said during Mnuchin’s confirmation hearing.
He then asked Mnuchin if he agreed with Trump’s view that the president can renegotiate the country’s debt and avoid a default because the Treasury Department can print more money.