McConnell, Sec. of Treasury Mnuchin to visit Ft. Knox; McConnell promises to raise debt ceiling

08/21/2017 04:27 PM

LOUISVILLE — For just the third time in history a U.S. Treasury Secretary will step foot inside Fort Knox and check on around $200 billion in gold bullion stashed there.

U.S. Treasury Secretary Steven Mnuchin told members of Greater Louisville Inc. about the planned visit during prepared remarks on Monday afternoon in Louisville. Mnuchin was planning on visiting the bullion with U.S. Senate Majority Leader Mitch McConnell, R-Kentucky, after his stop at GLI at the Olmstead.

Mnuchin said he would be visiting the site in Kentucky in part to personally attest that the gold is part of the national assets. The last time any officials checked on the gold was in 1974, Mnuchin said.

“It is going to be very exciting, and I assume the gold is still there — it would be quite a movie if we walked in and there was no gold,” he said.

When Congress returns in September, McConnell said that the key objective was putting together a comprehensive tax reform plan. Mnuchin has been taking part in meetings between lawmakers on the issue and he advocated for a simpler tax code on Monday.

One key item Mnuchin wants addressed by Congress upon their return is raising the debt limit.

During the event McConnell promised that Congress would send a “clean” raise to the debt limit.

“There is zero chance — no chance — we will not raise the debt ceiling,” McConnell said.

In a more lighthearted question, McConnell was asked by a GLI member where he consumed his news in an era defined by accusations of “fake news.”

Nick Storm

Nick Storm is the Anchor and Managing Editor of Pure Politics available exclusively on Spectrum News. Pure Politics is the only nightly program dedicated to Kentucky politics. Nick covers all of the political heavyweights and his investigative work brings to light issues that might otherwise go unnoticed, like his coverage of the backlog of DNA rape kits waiting to be tested in Kentucky. Nick is also working on a feature length bio documentary Outlaw Poet: A documentary on Ron Whitehead. Pure Politics airs weeknight at 7 and 11:30 on Spectrum News. Follow Nick on Twitter @NStorm_Politics. Nick can be reached at 502-792-1107 or nicholas.storm@charter.com.

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