OAN News Room
Updated at 1:30 p.m. Pacific Standard Time – Saturday, October 16, 2021
Despite the debt limit expansion, the Democratic Party aims to potentially vote to halt long-term debt limit threats.
House Majority Leader Steny Heuer (Democratic Party) said on Saturday that the House is considering removing the threat of debt sanctions earlier this month. He insisted that Republicans are effective in crushing efforts to raise the Democratic cap.
“Now that Republicans have shown a willingness to weaponize it for partisan purposes, the House of Representatives will seek options to eliminate the long-term threat of the debt cap,” Heuer wrote. “The House of Representatives may consider the legislation as early as this month.”
I urged my colleagues to vote as Americans, not Republicans or Democrats, but to do the right thing and tackle debt sanctions that could adversely affect economic recovery. I voted as a responsible person sent here by my neighbors and friends. https://t.co/hF7lFZiwdF
— Steny Hoyer (@LeaderHoyer) 13 October 2021
Some Democrats have suggested that the power to raise the debt limit should be transferred to the Treasury Secretary instead of Congress. But current Treasury Secretary Janet Yellen said US debt is something Congress has to deal with.