Congress will raise the debt ceiling and not allow the country to default, according to Republican Sen. John CornynJohn CornynGOP urged to confirm Supreme Court nominee after Trump win Judiciary Dems seek hearing on voting rights First US Zika death reported in Puerto Rico MORE (Texas).
"We will raise the debt ceiling. We're not going to default on our debt," Cornyn said in an interview with The Houston Chronicle.
Republicans are mulling a number of legislative strategies for increasing the debt ceiling. On Thursday, House Budget Committee Chairman Paul RyanPaul RyanSessions: Ryan made ‘big mistake’ not backing Trump Ryan fans GOP civil war over Donald Trump Third-party push gaining steam MORE (R-Wis.) said House Republicans were discussing whether to push for a short-term hike in order to allow for more time to negotiate a larger deficit reduction plan.
But some in the GOP have suggested letting the country hit the debt ceiling to force cuts in government spending, arguing that the government's debt payments would be unaffected.
"I will tell you unequivocally, we're not going to default," Cornyn told the Chronicle.
In a separate op-ed for the Chronicle roughly a week earlier, Cornyn had suggested that a partial government shutdown might be necessary for legislators to agree on a long-term deficit reduction play.
"It may be necessary to partially shut down the government in order to secure the long-term fiscal well being of our country, rather than plod along the path of Greece, Italy and Spain," Cornyn wrote in the opinion piece. "President Obama needs to take note of this reality and put forward a plan to avoid it immediately."