US House Majority Leader Steve Scalise, Republican of Louisiana, speaks alongside House Republican Conference Chair Representative Elise Stefanik (L), Republican of New York, as they speak during a press conference on Capitol Hill in Washington, DC, January 10, 2023.
House Republican Majority Leader Steve Scalise sidestepped thorny questions Tuesday on whether Congress would allow the U.S. to default on its debt after lawmakers adopted new rules making it more difficult to raise federal limits.
It includes the total amount of federal debt outstanding, about $24.5 trillion, as well as the nearly $6.9 trillion the government has borrowed from itself.
"America over time occasionally hits the debt ceiling because it's like a credit card limit," Scalise, R-La., said at a press conference in the Capitol building.
The last major rift over the debt ceiling was in late 2011, driven by holdout from a newly-elected Republican congressional majority.