According to the Washington Post, two former treasury secretaries who served under Republican presidents have spoken to Mitch McConnell and warned the White House that the Republican leader is not bluffing on the debt ceiling.

The Post reports:

The previously unreported talks involving the GOP economic grandees — Henry Paulson, who served as treasury secretary under President Bush; and Steven Mnuchin, treasury secretary under President Trump — did not resolve the matter and the U.S. is now racing toward a massive fiscal cliff with no clear resolution at hand.

Paulson and Mnuchin have in recent weeks spoken with both McConnell and [treasury secretary Janet] Yellen as the Biden administration tries to ensure the U.S. does not default on its debt obligations and spark a global financial crisis. …

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