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Democrats Introduce Bill to Eliminate Federal Debt Limit

Legislation sponsored by House Democrats would eliminate limits on federal government spending by repealing the debt ceiling.

United statesWhite houseDistrict of columbiaKarine jean pierreJanet yellenKevin mccarthyJoe manchinJoe bidenBill fosterPostal service retiree health benefits fundHeritage foundationDisability fundGroverm hermann centerCivil service retirementHouse democratsDefault act

Democrats push to eliminate the debt ceiling, allow unlimited government borrowing

Dozens of House Democrats are supporting a bill that would eliminate the debt ceiling and allow the federal government to borrow whatever it needs to pay its bills.

United statesJanet yellenPete kasperowiczPeter moriciJoe bidenBill fosterTreasury departmentWashington postUs international trade commissionTrade commissionTreasury secretary janet yellenFox news liveHouse democratsHouse republicansDefault actPresident biden

Why the debt ceiling deal doesn t solve the problem long term

Republicans and Democrats agree to temporarily avert default

United statesChuck schumerJanet yellenMitch mcconnellTreasury departmentSenator chuck schumerSenator mitch mcconnellSocial securityDefault actTreasury janet yellenDebt ceilingDebt limitJoe st georgeLong term

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