Budget director Mick Mulvaney: I think you can take Trump at his word not to shut down government

White House budget director Mick Mulvaney told CNBC on Thursday it looks like President Donald Trump won't shut down the government over the lack of border wall funding in a newly passed House spending package.

"We've decided to have that discussion after the election," Mulvaney said on "Squawk Box."

Mulvaney, also acting director of the Consumer Financial Protection Bureau, is participating in a White House economic summit on Thursday. Deregulation and tax cuts 2.0 are on the agenda.

Before joining the Trump administration, Mulvaney was a congressman from South Carolina who was a member of the hard-line conservative Freedom Caucus.

This is a breaking news story. Check back shortly for updates.

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