Complex sentence: The United States has never reached the point of default where Treasury is incapable of paying its debt obligations, except in the War of 1812 when the Burning of Washington happened and parts of Washington D.C. including the Treasury was burned.
Split into simpler sentences: The United States has never reached the point of default where Treasury is incapable of paying its debt obligations. Except in the War of 1812 when the Burning of Washington happened and parts of Washington D.C. including the Treasury was burned.