"The United States of America will not default on its debt," he said."Today’s agreement makes urgent progress toward preserving our nation’s full faith and credit and a much-needed step toward getting its financial house in order."
House speaker Kevin McCarthy, R-Calif., and Minority Leader Hakeem Jeffries, D-Calif., have a closer relationship than McCarthy had with former House Speaker Nancy Pelsoi, D-Calif., which may help them reach a deal to raise the debt limit. The group credits House Republicans with stopping"out-of-control" spending that has crippled family budgets by securing a series of historic wins.
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