CRISIS – Congress’ power over debt ceiling shifts to Obama

Capitol Hill talk regarding the Senate deal apparently includes a provision that would take away the Congress’ power to increase the debt ceiling.

The plan includes a proposal offered by McConnell in the 2011 debt ceiling crisis that allows Congress to disapprove of the debt ceiling increase, which means lawmakers will formally vote on whether to reject a debt ceiling increase until Feb. 7. Obama can veto that legislation if it passes. If Congress fails as expected to gather a two-thirds majority to override the veto, the debt ceiling would be raised.

This would transfer power over the debt ceiling to the president, eliminating another Congressional check on the wild spending of the executive branch.

Source: Breitbart

Photo: SS&SS on Flickr


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