Rep. David Schweikert (R-Ariz.) introduced a bill that would require the U.S. Treasury Secretary to appear before Congress before the debt ceiling is reached, or when extraordinary measures are taken to prevent the nation from defaulting on its financial obligations.
H.R. 846, referred to as the ‘Debt Explanation Before Taxwriters Act, or DEBT Act, was introduced Feb. 6 and assigned to the House Ways and Means Committee.
“As Secretary of the Treasury, Janet Yellen has the responsibility of deciding what extraordinary steps are necessary to prevent us from defaulting on our debt, which will absolutely never happen,” said Schweikert in a statement….