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As debt ceiling fight rages, Democrats bring up an old idea: Abolish it

Por: Portland Press Herald World May 19, 2023

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WASHINGTON — The first time Sen. Brian Schatz, D-Hawaii, tried to abolish the debt limit, he pleaded with lawmakers to “stop these attempts to govern through threats” that put the economy at risk. That was in 2017, the same year that a Republican revolt brought the United States within weeks of a catastrophic default. But Congress did nothing to change the underlying law that September, nor when he and other Democrats tried again in 2019,... + full article



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