Democrats Introduce Bills to Abolish, Reform Debt Ceiling

Frustrated over Republicans stonewalling their efforts to raise the debt ceiling, Democrats in the House have introduced two measures that would abolish the debt ceiling or significantly reform it by placing it largely out of Congress’s jurisdiction. The legislation, which was introduced by Rep. Brendan Boyle (D-Pa.), contains two separate approaches to the debt ceiling. Option A: Abolish the Debt Ceiling Altogether The first of the two brief bills contains only two lines. The first is “A bill to repeal the debt ceiling,” and the second declares any standing law relating to the debt ceiling repealed. For much of U.S….