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automatic debt-limit hikes

Democrats controlling the Senate proposed Tuesday to avoid future showdowns over the so-called debt ceiling by giving the president authority to authorize additional federal borrowing unless Congress can muster veto-proof margins to block him.  (Photo by Alex Wong/Getty Images)

Senate Dems Look To Give President Automatic Debt Ceiling Authority

Democrats controlling the Senate proposed Tuesday to avoid future showdowns over the so-called debt ceiling by giving the president authority to authorize additional federal borrowing unless Congress can muster veto-proof margins to block him.

10/29/2013