Speaker Pelosi gives a thumbs up to legislation by and @RepJohnYarmuth that would end the debt ceiling as we know it — by transferring the authority to lift it from Congress to Treasury.
"I think it has merit," she tells reporters.
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Would that need a simple majority in the Senate to pass?
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The debt ceiling is a ridiculous political football that allows both sides to play an endless bad faith blame game. Congress already has the power of the purse. The debt ceiling, a relic to ease WW1 reactionaries, is an unnecessary restriction on that power & should be abolished.
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That only works when you have a responsible treasury Secretary
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