Senate Majority Leader Charles Schumer (D-N.Y.) and House Minority Leader Hakeem Jeffries (D-N.Y.) issued a joint statement Friday calling on Congress to avoid a potential default “forced by extreme MAGA Republicans,” the opening salvo in what will be a months-long battle over raising the federal debt limit. Lawmakers in both parties predict the Democratic-controlled White House and Senate are headed for a showdown with newly elected Speaker Kevin McCarthy (R-Calif.) over the debt limit after McCarthy pledged to House conservatives last week to attach spending reforms to debt limit legislation. Schumer and Jeffries called on Republicans to move quickly on...