McConnell: Raising the debt ceiling 'will need to be done' to prevent a default

After debt-ceiling talks with Treasury Secretary Steven Mnuchin and Senate Minority Leader Chuck Schumer (D-N.Y.) on Aug. 1, Senate Majority Leader Mitch McConnell (R-Ky.) said "we all know" it needs to be raised "to make sure America continues to never, ever default."

(Source: YouTube)