McConnell says lawmakers will figure out how to avoid default
Tweet
Share
E-mail
FILE PHOTO: U.S. Senate Minority Leader Mitch McConnell (R-KY) walks to a Senate vote on the $1 trillion bipartisan infrastructure bill at the U.S. Capitol in Washington, U.S., August 10, 2021. REUTERS/Jonathan Ernst
WASHINGTON (Reuters) - U.S. Senate Republican leader Mitch McConnell said on Tuesday that lawmakers would figure out how to avoid default when the debt limit expires.
"We'll figure out how to avoid default. We always do," McConnell told reporters.
Lawmakers in October temporarily raised the federal government's borrowing limit to $28.9 trillion in legislation President Joe Biden signed into law, allowing the U.S. Treasury to continue to pay debts through early December.
(Reporting by Susan Cornwell; Editing by Chris Reese)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- B. Riley’s Top Biotech Picks Ahead of 3Q26 Earnings Season
- European AI-linked stocks rally After Anthropic’s $11.6 bln computing deal
- Bill Gates joins calls for AI safeguards, including legislation
Create E-mail Alert Related Categories
Politics, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
