Senate Republicans unexpectedly proposed yesterday that Pres. Obama be given new powers allowing...

|By:, SA News Editor

Senate Republicans unexpectedly proposed yesterday that Pres. Obama be given new powers allowing him to request an increase of up to $2.5T in the debt limit as long as he simultaneously suggested spending cuts of greater size. Notably, legislative technicalities mean the debt limit increase would be a shoo-in with no guarantee the spending cuts would ever face a final vote.