Democrats push to eliminate the debt ceiling, allow unlimited government borrowing
Fox News
Dozens of House Democrats are supporting a bill that would eliminate the debt ceiling and allow the federal government to borrow whatever it needs to pay its bills.
Democrats say a better idea is to eliminate all limits on federal borrowing and allow the government to borrow whatever it needs. Pete Kasperowicz is a politics editor at Fox News Digital.
"Weaponizing the debt ceiling and using it as a pawn in partisan budget negotiations is dangerous and repeatedly brings our nation to the brink of default, which would be disastrous to the U.S. economy – something we’ve witnessed as recently as 2011 when Republicans created a debt ceiling crisis that resulted in the first ever downgrade to the U.S. credit rating," said Rep. Bill Foster, D-Ill.
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