Schumer says Republicans unlikely to let U.S. default on debt


U.S. Senate Majority Leader Chuck Schumer on Wednesday said he did not believe Republicans would let the United States default on its debt as the government approaches its current borrowing capacity in October.

“I cannot believe the Republicans will let the country default, and it has always been bipartisan to deal with the debt ceiling,” Schumer told reporters at a news conference, noting Democrats backed debt limit increases three times under former Republican President Donald Trump.