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."
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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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• A national transportation advocacy group largely supported by companies involved in road construction highlighted on Thursday infrastructure problems around the state and called for the Texas Legislature to prioritize road and bridge funding this session. In press conferences held in several Texas cities, TRIP leaders highlighted a new report ranking the state's top 100 transportation challenges, which included 11 major bridges that need major work and seven segments of major roads or highways that need to be reconstructed. The report identifies "deterioration and congestion" on Interstate 30 in the Dallas-Fort Worth area as the state's top transportation challenge. Read the report here.
Texas news from across the state and around the web
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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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