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In Lexington, McConnell works to calm nerves as debt hike deadline nears

FILE - From left, Senate Minority Leader Mitch McConnell, R-Ky., Senate Majority Leader Chuck Schumer, D-N.Y., and Speaker of the House Kevin McCarthy, R-Calif., sit together during a ceremony at the Capitol in Washington, Wednesday, May 17, 2023. If a debt limit deal can be reached between McCarthy and President Joe Biden, McCarthy has promised his conference that he will give lawmakers 72 hours to read the bill before they vote on it and send it to the Senate. (AP Photo/J. Scott Applewhite, File)
J. Scott Applewhite/AP
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AP
FILE - From left, Senate Minority Leader Mitch McConnell, R-Ky., Senate Majority Leader Chuck Schumer, D-N.Y., and Speaker of the House Kevin McCarthy, R-Calif., sit together during a ceremony at the Capitol in Washington, Wednesday, May 17, 2023. If a debt limit deal can be reached between McCarthy and President Joe Biden, McCarthy has promised his conference that he will give lawmakers 72 hours to read the bill before they vote on it and send it to the Senate. (AP Photo/J. Scott Applewhite, File)

In town to help break ground on a new Forage Animal Production Lab at the University of Kentucky, McConnell also spoke with reporters about the debt ceiling negotiations and sought to tamp down tensions as the June 1 deadline approaches.

The minority leader said everyone needs to "relax" and reiterated his statement that the U.S. will not default, despite growing questions surrounding the labored talks on Capitol Hill.

"Regardless of what may be said about the talks on a day-to-day basis, the president and the speaker will reach an agreement, it will ultimately be passed on a bipartisan vote in both the House and the Senate," the GOP leader stated.

McConnell characterized the Republican demands to attach spending cuts to the debt limit hike as standard operating procedure in divided government.

While the exact date of a default is an estimate, even the threat of one can cause problems. In 2011, the potential for a default led to the first US federal government credit rating downgrade in the country's history. 

Josh James fell in love with college radio at Western Kentucky University's student station, New Rock 92 (now Revolution 91.7). After working as a DJ and program director, he knew he wanted to come home to Lexington and try his hand in public radio.