The ceiling does not allow the federal government to borrow more money but rather pay for debt it has already incurred…
Thursday, February 16, 2023
Two Democrats want McConnell’s 2011 debt-ceiling fix proposal to be adopted | The Hill
They said McConnell's plan allowed Obama to raise the debt ceiling on his own while allowing Congress to pass a joint resolution to override that action if two-thirds of lawmakers wished to. They said this allowed Congress to continue to have oversight over raising the debt ceiling but prevented it from being used as a political tool. …
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