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McConnell says lawmakers will figure out how to avoid default -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: U.S. Senate minority leader Mitch McConnell (R.KY) marches to the Senate vote on $1 trillion in bipartisan infrastructure bills at Washington’s U.S. Capitol. This was August 10, 2021. REUTERS/Jonathan Ernst

WASHINGTON, (Reuters) – U.S. Senate Republican Leader Mitch McConnell stated Tuesday that the lawmakers will figure out how they can avoid default after the debt limit runs out.

“We will figure out how we can avoid default. McConnell stated to reporters that this is what we always do.

Oct. lawmakers temporarily increased federal government borrowing limits to $28.9 Trillion in legislation signed by President Joe Biden. This allowed the U.S. Treasury the ability to continue its payments through December.

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