AFP — Treasury Secretary explains: The debt ceiling only allows U.S. to pay for spending Congress has already approved

"Extending borrowing authority does not increase government spending; it simply allows the Treasury to pay for expenditures Congress has already approved,” he wrote.

“As such, I respectfully urge Congress to act immediately to meet its responsibility by extending the nation’s borrowing authority.”

The Raw Story
Treasury Secretary explains: The debt ceiling only allows U.S. to pay for spending Congress has already approved
Agence France-Presse

Setting up the President's "deadbeat" argument.