U.S. House Speaker: Debt ceiling issue will be resolved before June deadline

Republicans are already concerned that it will be difficult to pass new policies on borders, energy and taxes through the budget reconciliation process, Politico reported. And House Speaker Johnson promised incoming President Trump in December that he would also use the reconciliation bill to raise the debt ceiling, adding another layer of complexity. Conservatives generally oppose raising the debt ceiling and demand significant spending cuts in exchange for their support. Asked about the possibility of the nation's credit rating being at risk if the package is delayed, Johnson said in a brief interview on Tuesday that he was still pushing for the measure and reiterated his optimistic timeline for the package. "We're going to get the debt ceiling right by the June deadline. So we're not worried," Johnson said, referring to the initial estimate of when the United States could be at risk of default unless Congress acts.