WASHINGTON—(ENEWSPF)—October 10, 2013. Chairman Baucus, Ranking Member Hatch, and members of the Committee, thank you for inviting me here today to discuss the potential impacts of a failure by Congress to increase the debt ceiling. This is an important moment in American history, and Congress has an important choice to make for the American people. Congress alone has the power to act to make sure that the full faith and credit of the United States is never called into question. No Congress in 224 years of American history has allowed our country to default, and it is my sincere hope that this Congress will not be the first. At the same time, Congress should pass legislation to fund the government and end the standoff.
