Senate Republicans shrug off debt default deadline

“America must pay its bills on time and in full,” she told senators Tuesday. “If we do not, we will eviscerate our current recovery.”

However, some Republicans are pointing to a section from the Congressional Budget Office’s Tuesday’s report that stated Treasury could “defer all or part of” the $118 billion the department plans to transfer to the Highway Trust Fund on Dec. 15.

If deferred, the “government would be able to pay its obligations for a few weeks longer than it would if the payments were made in full — until sometime in January.”