Rep. Hoyer: House may vote to remove debt limit threat this month


House Majority Leader Steny Hoyer, D-MD, after leaving the House Chamber in Washington, D.C. on October 12, 2021. (Photo by MANDEL NGAN/AFP via Getty Images)

OAN Newsroom
UPDATED 1:30 PM PT – Saturday, October 16, 2021

Despite the debt limit being extended, Democrats are looking to hold a potential vote to prevent a long term debt limit threat.

On Saturday, House Majority Leader Steny Hoyer (D-Md.) said the House has been considering removing the debt limit threat as early as this month. He stressed Republicans were effective in coming together to squash Democrats’ attempts to extend the ceiling.

“The House will explore options to remove the threat that the debt limit poses over the long term now that Republicans have demonstrated a willingness to weaponize it for partisan purposes,” Hoyer wrote. “The House may consider legislation as early as this month to do so.”

Some Democrats have suggested the authority to raise the debt limit should be transferred to the treasury secretary instead of Congress. However, current Treasury Secretary Janet Yellen has said America’s debt is something Congress must address.

MORE NEWS: U.S. Offers Payment To Family Of Those Killed In Botched Drone Attack

Source link