A group of top House Democrats are calling on leadership to abolish the debt ceiling during the lame-duck session in a bid to deny Republicans the ability to use a vote on raising the debt limit to force spending cuts.
In a letter sent to Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer , reported by Punchbowl News, the lawmakers, led by Rep. Brendan Boyle , suggested legislation that would either permanently eliminate the debt ceiling or allow the treasury secretary to raise it without congressional approval.
“As such, we are once again calling on leadership to act to avoid default in order to protect the American economy and the financial security of all Americans. With the 117th Congress coming to a close at the end of 2022, and the makeup of the 118th Congress’ House and Senate not yet known, we urge you to use the remaining months to take legislative action that will permanently undo the threat posed by the debt limit,” they added.
“I think it’s become increasingly damaging to America to have a debt ceiling,” Yellen told CNN’s Erin Burnett Out Front at the time.
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