The Big Conversation
Hoping to avert another debt ceiling showdown, President Obama has found a little common ground with U.S. Sen. John Cornyn.
Cornyn, R-Texas, told the Houston Chronicle's editorial board on Thursday that Congress wouldn't let the federal government default next month.
"We will raise the debt ceiling. We're not going to default on our debt," Cornyn said, adding, "I will tell you unequivocally, we're not going to default."
Cornyn's comments came amid another heated fight over the nation's borrowing limit, which many congressional Republicans have intended to use as leverage to secure more spending cuts, particularly to entitlements. Unlike in 2011, Obama has refused to negotiate over the debt ceiling, saying further brinkmanship could lead to a financial crisis.
Republicans indicated Thursday that they may instead seek a short-term extension of the debt ceiling, but Cornyn expressed hesitation toward other proposals like postponing payments on bills. "My hope would be that we would not even go there," he told the paper.
Asked about an op-ed he wrote earlier this month calling for a possible partial government shutdown "in order to secure the long-term fiscal well being of our country," Cornyn responded: "You sometimes try to inject a little doubt in your negotiating partner about where you're going to go. But I would tell you unequivocally that we're not going to default."
Compiled from Tribune reports
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Texas news from across the state and around the web
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• Ted Cruz: Gun push has 2014 political price (Politico): "Sen. Ted Cruz said Thursday he believes President Barack Obama’s gun control efforts not only won’t work, but will backfire and kick off a conservative resurgence. The Texas Republican stopped by 'The Laura Ingraham Show' to discuss the president’s 'extreme anti-gun agenda.' He blasted Obama for 'exploiting the murder of children' in order to push for gun control in the wake of Newtown. 'I think the consequence, I think he’s going to pay a serious political price,' Cruz told Ingraham. 'And I think the price that’s going to be paid on this is going to manifest in Senate races in 2014.'"
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Quote of the Day: "I’m flawed, deeply flawed." — Lance Armstrong in his interview with Oprah Winfrey that aired Thursday
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