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- President Joe Biden will create a team tasked with preventing future debt-ceiling standoffs.
- Biden and Kevin McCarthy reached an 11th-hour deal to prevent a catastrophic default in late May.
- The White House said it wants to stop politicians “holding hostage the full faith and credit” of the US.
US President Joe Biden has created a working group tasked with stopping future debt-ceiling standoffs.
"Now that the latest debt ceiling crisis is behind us, it is necessary to explore all legal and policy options to prevent Congress from ever again holding hostage the full faith and credit of the United States," the White House said in a statement, per Bloomberg.