the Trump tax cuts added hugely to the deficit.

prioritization is default by another name.

We have degraded the Kremlin's ability to replace more than 9,000 pieces of heavy military equipment that it has lost on the battlefield.

It is a fundamental, basic responsibility of Congress to pay the Government's bills. And I call on Congress to expeditiously raise the debt ceiling.

not paying any of our bills is default.

Historically, it is a high level, but on the other hand, interest rates, real interest rates have moved down substantially in recent decades.

It certainly can be. I certainly----

We are changing that. Our budget request provides steady State operational funding that will allow taxpayers to receive the best service possible.

Well, I am not going to make a blanket statement that I agree with that.

The failure to raise the debt ceiling would cause an economic and financial catastrophe.

It is a fundamental, basic responsibility of Congress to pay the Government's bills.

this has never been tried. It has been rejected by all past Treasury secretaries.