House Ways and Means Committee Debates Bill to Prevent Default Over Debt Limit

Representative Jason Smith (R-Mo.) (L), and Representative John Yarmuth (D-Ky.), at a House Committee hearing in Washington on March 29, 2022. Roberto Schmidt/AFP via Getty Images

The House Ways and Means Committee held a markup on March 8 of a bill that would ensure the principal and interest of the U.S. national debt is paid.

The Default Prevention Act comes as the United States is on the brink of defaulting on its obligations.