Sen. Boxer proposes bill to let president raise national debt ceiling:
But it would also give the White House more power than Congress over raising the nation's limit.
Boxer's bill would allow the president to raise the debt ceiling unless Congress formally disapproves the increase. The onus for raising the debt ceiling is now on Congress, which must approve legislation raising the debt ceiling that the president signs.
Boxer said her USA AAA Credit Restoration Act, S. 1713, would set up a "predictable and fair process" for future debt-ceiling hikes, something she says is needed because of the trouble Congress had agreeing to the last increase.
(Excerpt) Read more at thehill.com ...
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