Even as Joe Biden appears to have pushed off reaching the next debt limit until 2025, top Democrats on Capitol Hill say what he really needs to do is what he should have done last fall: Come out in favor of a drastic change to strip Congress of this power forever.
Given the current math in the chamber, every senator in the Democratic Caucus would need to support such a change. Senate Majority Leader Chuck Schumer has said he couldn’t get votes from West Virginia Sen. Joe Manchin or Arizona Sen. Kyrsten Sinema (who continues to caucus with Democrats, despite leaving the party).
But Massachusetts Sen. Elizabeth Warren and Pennsylvania Rep. Brendan Boyle – along with House Minority Leader Hakeem Jeffries, Progressive Caucus Chairwoman Pramila Jayapal, former Speaker Nancy Pelosi and others – told CNN that this time around was a breaking point.
After years of obsessing mostly on his own over changing the debt limit, racking up trivia like how the process was an inadvertent fluke of World War I, Boyle said he started feeling the change three weeks ago, when he stood up after a presentation about expected cuts at a dinner of 50 House Democrats and pleaded, “We absolutely have to resolve here and now, this is the last time we go through this craziness.”
“We can’t just make it through the crisis once again and mop our brows and say, ‘Phew, this is done,’” Warren said in an interview. “It’s not done until we get rid of the debt ceiling permanently.”
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Article URL : https://www.cnn.com/2023/06/01/politics/democrats-push-eliminate-debt-ceiling-power/index.html