McConnell confident U.S. will not default on debt as nation reaches debt ceiling – By Ben Whedon (Just the News) / Jan 19, 2023
McConnell’s remarks follow his support of an omnibus spending package late last year that set the federal budget for 2023 and left House Republicans with little leverage.
Senate Minority Leader Mitch McConnell on Thursday vowed that the United States would never default on its outstanding debt as the nation reached its debt ceiling.
Treasury Secretary Janet Yellen on Thursday announced that the nation had reached its $31.38 trillion debt ceiling and that her agency had implemented “extraordinary measures” to prevent a default.
“In the end, I think the important thing to remember is that America must never default on its debt. It never has, and it never will. We’ll end up in some kind of negotiation with the administration over what the circumstances or conditions under which the debt ceiling be raised,” the Kentucky Republican said, according to The Hill. “No, I would not be concerned about a financial crisis.”
