As Debt Ceiling Looms, Schatz Introduces Legislation To Avoid Catastrophic Default
December 12, 2024
December 12, 2024
WASHINGTON, Dec. 12 -- Sen. Brian Schatz, D-Hawaii, issued the following news release:
Senator Brian Schatz (D-Hawai'i) today led a group of 17 colleagues in reintroducing the End the Threat of Default Act, legislation that would permanently remove the threat of a default by repealing the national debt ceiling, an arbitrary limit restricting the amount that the United States Treasury can borrow to pay its debts. In June 2023, the president signed legislation that suspended the statu . . .
Senator Brian Schatz (D-Hawai'i) today led a group of 17 colleagues in reintroducing the End the Threat of Default Act, legislation that would permanently remove the threat of a default by repealing the national debt ceiling, an arbitrary limit restricting the amount that the United States Treasury can borrow to pay its debts. In June 2023, the president signed legislation that suspended the statu . . .