U.S. Treasury Secretary, Steven Mnuchin, on Friday urged Congress to increase the nation’s debt ceiling before its summer recess.

In a letter to House Speaker, Nancy Pelosi, Mnuchin said that while there was “reasonable uncertainty” in projecting government cash flows.

Saying updated projections showed that there is a scenario in which we run out of cash in early September, before Congress reconvenes.

“As such, I request that Congress increase the debt ceiling before Congress leaves for summer recess,” he said. (Reuters/NAN)