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President Joe Biden declared Thursday the United States would avoid a disastrous credit default even as lawmakers went on a 10-day break without a deal on raising the nation's borrowing limit to keep paying the bills.

White houseDistrict of columbiaUnited statesWally adeyemoHakeem jeffriesKevin mccarthyMark milleyJoe bidenMonmouth universityTreasury departmentThere will be no defaultMemorial dayRepublican speaker kevin mccarthyJoint chiefsFox news thursdayTreasury secretary wally adeyemo