It's all but certain Congress won't raise the debt ceiling before the Senate's recess, setting the stage for a partisan face-off this fall.
"Increasing or suspending the debt limit does not increase government spending, nor does it authorize spending for future budget proposals; it simply allows Treasury to pay for previously enacted expenditures," she said. "Failure to meet those obligations would cause irreparable harm to the U.S. economy and the livelihoods of all Americans."responded to a request for comment.
Republicans leveraged a looming default in 2011 to score concessions and budgetary cutbacks from the Obama administration.
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