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10/16, 5:45 PM (Source: TeleTrader)
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House to consider long term debt ceiling solution - Hoyer

United States House Majority Leader Steny Hoyer (pictured) stated on Saturday that the Democrats will consider a bill to abolish the threat of the federal debt ceiling long term.

"The House will explore options to remove the threat that the debt limit poses over the long term, now that Republicans have demonstrated a willingness to weaponize it for partisan purposes. The House may consider legislation as early as this month to do so," the Democrat leader wrote.

Yesterday, President Joe Biden signed the bill to raise the debt ceiling short-term into law.

Breaking the News / MD