{"database": "press", "table": "releases", "rows": [["https://marchant.house.gov/2013/12/02/the-hill-support-builds-for-marchants-debt-management-act/", "<em>The Hill</em>: Support Builds for Marchant's Debt Management Act", "2013-12-02", "2013", "2013-12", "Republican", "House", "TX", "Kenny Marchant", "M001158", "marchant.house.gov", null, null, "legacy", "GOP demands Treasury secretary testify before debt-ceiling hike\n\nBy Pete Kasperowicz\nPublished on November 22, 2013\nMore than two dozen House Republicans have put forward legislation that would condition an increase to the debt ceiling on a detailed report from the Treasury Department on what\u2019s driving the debt higher, and ways to reduce it.\nRep. Kenny Marchant (R-Texas) proposed the Debt Management Act (DMA) on Thursday. Marchant\u2019s bill would also require the Treasury secretary to discuss the debt ceiling in testimony to Congress before any increase is allowed.\n\u201cWe can no longer yield to the temptation of remorseless borrowing,\u201d he said. \u201cAmerica might appear to prosper by consuming beyond our means, but if we continue down this path, the country will eventually face a painful economic reckoning.\n\u201cDMA requires the administration to complement debt limit increase requests with reports on the national debt and progress on deficit reduction,\u201d he added. \u201cBy bringing greater transparency to the national debt and structural deficit, DMA establishes a more credible and consistent process to address debt limit increase requests.\u201d\nSpecifically, Marchant\u2019s bill would require Treasury to submit debt reports and progress reports on the debt that describe the steps the administration is taking to address the structural deficit. Marchant says these steps would prevent the administration from simply seeking a debt-ceiling hike without \u201cassociated long-term fiscal planning.\u201d\nThe power to spend and the power to raise the debt ceiling lies with Congress. But over the last few years, Congress has shifted some of the responsibility on the debt ceiling to the president.\nIn 2011, for example, Congress approved the Budget Control Act, which allowed President Obama to request a debt-ceiling increase of $1.2 trillion. That request could only be stopped by House and Senate passage of a resolution of disapproval.\nThe House passed the resolution of disapproval, but the Senate did not.\nLate last month, the House approved a similar resolution disapproving of Obama\u2019s congressionally authorized decision to suspend the debt ceiling until Feb. 7, just after the Senate rejected similar language.\nMembers of the House and Senate Budget committees are in talks to reach a budget agreement, which could also lay the groundwork for another debt-ceiling hike early next year.", 1, "2026-03-30T12:14:52Z", "2026-03-30T12:14:52Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://marchant.house.gov/2013/12/02/the-hill-support-builds-for-marchants-debt-management-act/"], "units": {}, "query_ms": 0.7925219833850861, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}