By Jesse Byrnes - 03/08/15 03:46 PM EDT
Senate Majority Leader Mitch McConnellMitch McConnellClinton, Trump sharpen attacks Sanders, Merkley back McConnell decision to skip TPP vote John McCain: No longer a profile in courage MORE (R-Ky.) on Sunday vowed that Republicans would figure out a way to handle the nation's debt ceiling in order to avoid a government shutdown.
Treasury Secretary Jack LewJack LewObama officials call to boost healthcare funds to Puerto Rico GOP lawmakers call for overhaul of proposed corporate tax rules GOP senator: Obama 'hid' Iran payment from Congress MORE wrote in a letter to Speaker John BoehnerJohn BoehnerNew Trump campaign boss took shots at Ryan on radio show Election reveals Paul Ryan to be worst speaker in U.S. history Getting rid of ObamaCare means getting rid of Hillary MORE (R-Ohio) on Friday that he was preparing to take "extraordinary measures" to avoid defaulting on the country's debt and urged Congress to act soon to raise the cap on borrowing. It was suspended last year, but takes effect again March 16.
The Congressional Budget Office (CBO) last week estimated that the Treasury Department could hold off any missed payments until sometime in the fall, likely around October.
"I made it very clear after the November election that we're certainly not going to shut down the government or default on the national debt," McConnell said Sunday, referencing last year's midterms.
President Obama has traditionally demanded Congress raise the ceiling without coupling it with other policy provisions, though he now faces a GOP-led Congress.
"We'll figure some way to handle that. And hopefully, it might carry some other important legislation that we can agree on in connection with it," McConnell said.