U.S. default wouldn't be 'apocalyptic' -portfolio manager

STORY: The White House on Wednesday criticized Republicans and said averting default is the responsibility of every single member of Congress and that preventing such a situation is not a concession.

Coons called the narrative over the debt limit talks "too pessimistic," adding that eventually the federal government "will come to a deal, they will raise the debt ceiling, they will pay back any missed debt payments and they will pay any debt service payments going forward."