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Keyword: debtceilingbill

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  • Senate Debt Deal Includes Provision Lessening Congress' Power On Debt Ceiling

    10/16/2013 4:49:51 PM PDT · by Perdogg · 188 replies
    Capitol Hill talk regarding the Senate deal apparently includes a provision that would take away the Congressí power to increase the debt ceiling. According to Politico, it looks like the buzz appears to be true.: The plan includes a proposal offered by McConnell in the 2011 debt ceiling crisis that allows Congress to disapprove of the debt ceiling increase, which means lawmakers will formally vote on whether to reject a debt ceiling increase until Feb. 7. Obama can veto that legislation if it passes. If Congress fails as expected to gather a two-thirds majority to override the veto, the debt...