Category: Secretary of the Treasury

Bill Would Require Treasury Secretary to Appear Before Congress When Debt Ceiling Is Near

February 7, 2023
congressPoliticsRep. David Schweikert (R-Ariz.)ASecretary of the TreasuryUSUS debt ceiling
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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…

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Opening Volleys Fired as Biden, House GOP Begin Debt Ceiling Battle That May Last Till Summer

January 19, 2023
congressdebt ceilingHouse Minority Leader Hakeem Jeffriesnational debtpresident joe bidenSecretary of the TreasurySenate Majority Leader Chuck SchumerSpeaker of the House Kevin McCarthyUS
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A pitched battle that could go into summer matching President Joe Biden and congressional Democrats versus House Republicans led by Speaker Kevin McCarthy officially began Jan. 19 as Secretary of the Treasury Janet Yellen declared the federal government has officially reached its statutory debt ceiling. “I respectfully request that Congress act promptly to protect the…

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