Pelosi: Give Obama Power to Personally Lift Debt Limit to Infinity
CNSNews ^ | November 30, 2012 | Terence P. Jeffrey
Posted on Friday, November 30, 2012 4:19:29 PM by jazusamo
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(CNSNews.com) - House Minority Leader Nancy Pelosi said on Friday that Congress should hand over to President Barack Obama personal, unilateral authority to increase the limit on the U.S. government's debt.
At a Friday press conference, a reporter asked Pelosi if she agreed with a proposal made by Treasury Secretary Timothy Geithner that Congress give Obama the power to unilaterally increase the debt limit.
"Yes," she said.
When he met with members of Congress on Thursday to discuss a deal to avoid the so-called fiscal cliff that is set to occur at the end of this year, Secretary Geithner suggested that Congress give Obama the personal power as president to lift the legal limit on the federal government's debt.