“Make no mistake: we do not support default by the U.S. government on its obligations and promises,” the 11 Republicans wrote.
Sens. John CornynJohn CornynCornyn: Border wall 'makes absolutely no sense' in some areas Ryan on border: ‘We will get this done’ Ryan tours Mexican border on horseback MORE (Texas) and John ThuneJohn ThuneLow-income consumer broadband credits mean competitiveness, choice and compassion ObamaCare fix hinges on Medicaid clash in Senate A guide to the committees: Senate MORE (S.D.), both members of GOP leadership, also sit on Finance, as does a former chairman of the panel, Sen. Chuck GrassleyChuck GrassleyGOP senator grilled over DeVos vote during town hall Big Pharma must address high drug prices ObamaCare fix hinges on Medicaid clash in Senate MORE.
Lawmakers are currently focused on next week’s deadline for government funding, leaving some worried that the debt ceiling is so far getting short shrift.
The 2011 debt limit deal pushed the issue back past the 2012 election, and there’s no reason to believe the White House isn’t interested in taking the ceiling off the table until after next year’s midterms.
In a letter of his own on Wednesday, Lew told House Speaker John BoehnerJohn BoehnerHouse markup of ObamaCare repeal bill up in the air Conservatives to Congress: Get moving Boehner: ObamaCare repeal and replace 'not going to happen' MORE (R-Ohio) said that the 2011 fight, which led to an unprecedented downgrade of the U.S.’s credit, caused the sort of harm to the country’s economy that shouldn’t be repeated.
"Raising the debt limit is Congress’s responsibility because Congress, and Congress alone, is empowered to set the maximum amount the government can borrow to meet its financial obligations," Lew said last week.
But House Republicans are on the verge of rolling out a vast wish list in exchange for raising the debt ceiling, including a one-year delay of the healthcare law and some Medicare and Medicaid changes.