Republican Senator: 'We Will Raise The Debt Ceiling'Submitted by emalvini on Fri, 01/18/2013 - 13:52
Brett LoGiurato | Jan. 18, 2013 | 11:11 AM
Republican Sen. John Cornyn, who said two weeks ago that a government shutdown "might be necessary" as a step to curb federal spending, said in an interview published Friday that Congress "will raise the debt ceiling."
"We will raise the debt ceiling. We're not going to default on our debt," Cornyn told The Houston Chronicle's editorial board. He added, firmly, that "we're not going to default."
Cornyn joins a growing list of conservatives that appear to be backing off on a potential debt-ceiling fight, arguing that the risk of default is not worth it. Rep. Paul Ryan said Thursday that Republicans are discussing a possible short-term increase in the nation's borrowing limit.