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McConnell Says US Will Never Default in Assurance on Debt Limit

  • Senate GOP leader sees eventual increase in debt limit
  • US Treasury starts extraordinary steps after debt ceiling hit
Bloomberg business news
Senator Manchin Says US Will Pay Its Debt

Senate Republican leader Mitch McConnell dismissed concerns about the US government defaulting on its obligations later this year, when the Treasury Department risks running out of money.

“Periodically the debt ceiling has to be lifted and it’s always a rather contentious effort,” McConnell told reporters at an unrelated event in his home state of Kentucky on Thursday. “In the end, I think the important thing to remember is America must never default on its debt. It never has and never will.”