Share this Story: Senior U.S. House Democrat favors giving Treasury Secretary power on debt limit
Senior U.S. House Democrat favors giving Treasury Secretary power on debt limit
Oct 19, 2021 • October 19, 2021 • < 1 minute read • Join the conversation
WASHINGTON — A top Democrat in the U.S. House of Representatives on Tuesday said he would support allowing the U.S. Treasury secretary to unilaterally extend the limit on federal borrowing, with Congress then allowed to veto that decision.
"It's a good option," U.S. Representative Steny Hoyer, the majority leader for Democrats in the chamber, told reporters. He said the Treasury secretary should be allowed "to make a judgment." (Reporting by Jason Lange; editing by Jonathan Oatis)
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