Trump says will not use U.S. debt ceiling to negotiate spending deal with Congress

President Donald Trump said on Friday he could not imagine using the United States' debt ceiling as a tool to negotiate a spending deal with lawmakers in Congress, saying the government's credit rating was sacred.

"Hopefully we're in good shape on the debt ceiling. I can't imagine anybody ever even thinking of using the debt ceiling as a negotiating wedge," Trump told reporters at the White House.

U.S. borrowing authority could be exhausted sometime in September, according to the latest administration estimates, rather than in October or November, as had earlier been projected.

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