Debt ceiling - Page 11

The Senate GOP Plan to Surrender Debt Control to Obama

Senate Republicans, led by Majority Leader Mitch McConnell, are reportedly planning legislation allowing President Barack Obama to lift the nation’s debt ceiling on his authority, according to sources on Capitol Hill. Under the Senate Republican plan, Congress would merely retain the right to “disapprove” of the President’s action to lift the nation’s debt limit. But disapproving the action would require a hard-to-reach two-thirds vote of both chambers of Congress.

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