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Debt ceiling fight leads Van Hollen, Democrats to revive proposal to eliminate spending limit

May 1, 2023

Democratic Sens. Chris Van Hollen of Maryland and Brian Schatz of Hawaii have reintroduced a bill to get rid of the national debt limit set by Congress. The Biden administration and congressional Democrats are in a face-off with GOP lawmakers over raising the debt limit. The United States government could hit the ceiling, meaning the Treasury Department would run out of funds and could no longer take on more debt, as early as June.

 

Article Source: Maryland Matters

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