Senior U.S. House Democrat Favors Giving Treasury Secretary Power on Debt Limit

Reuters
Send in e-mailSend in e-mail
Send in e-mailSend in e-mail
Reuters

WASHINGTON, Oct 19 (Reuters) - A top Democrat in the U.S. House of Representatives on Tuesday said he would support allowing the U.S. Treasury secretary to unilaterally extend the limit on federal borrowing, with Congress then allowed to veto that decision.

"It's a good option," U.S. Representative Steny Hoyer, the majority leader for Democrats in the chamber, told reporters. He said the Treasury secretary should be allowed "to make a judgment."

(Reporting by Jason Lange; editing by Jonathan Oatis)

Comments