President Trump Donald John TrumpSteele Dossier sub-source was subject of FBI counterintelligence probe Pelosi slams Trump executive order on pre-existing conditions: It 'isn't worth the paper it's signed on' Trump 'no longer angry' at Romney because of Supreme Court stance MORE said Friday that Democrats should not use the debt ceiling as leverage amid ongoing negotiations between his administration and Congress.

"I can't imagine anybody using the debt ceiling as a negotiating wedge," Trump said in the Oval Office, calling the debt limit a "sacred thing in our country."

Trump added that he's hopeful a deal is close on raising the debt limit, but did not provide further details on negotiations.

"Hopefully we’re in good shape on the debt ceiling," Trump said.

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Treasury Secretary Steven Mnuchin sent letters to congressional leadership last week warning that the government could run out of money in early September unless Congress votes to raise the debt ceiling before leaving for the August recess.

Democrats believe that packaging the debt ceiling with a budget bill will provide more leverage in spending negotiations. GOP senators say there’s little desire in their conference to vote on a standalone proposal to increase the nation’s debt limit, something that’s broadly unpopular with the base.

House Republicans, including current acting White House chief of staff Mick Mulvaney Mick MulvaneyOn The Money: House panel pulls Powell into partisan battles | New York considers hiking taxes on the rich | Treasury: Trump's payroll tax deferral won't hurt Social Security Blockchain trade group names Mick Mulvaney to board Mick Mulvaney to start hedge fund MORE, used the debt limit as leverage in fierce negotiations during the Obama administration.

Trump himself tweeted in 2012 that “Republicans must use the debt ceiling as leverage to make a great deal!”



Mnuchin said earlier this week that he's had "productive" talks with Speaker Nancy Pelosi Nancy PelosiPelosi slams Trump executive order on pre-existing conditions: It 'isn't worth the paper it's signed on' On The Money: Anxious Democrats push for vote on COVID-19 aid | Pelosi, Mnuchin ready to restart talks | Weekly jobless claims increase | Senate treads close to shutdown deadline Trump signs largely symbolic pre-existing conditions order amid lawsuit MORE (D-Calif.) and that Democrats, Republicans and the White House are all in agreement that packaging a budget deal and a debt ceiling increase "is the first choice."

He said he expects lawmakers to stay in Washington, D.C., and vote to increase the debt ceiling if they are unable to agree on a broader spending deal before August recess is set to begin.