Heterodox
The so-called Gephardt Rule (in honor of Representative Dick Gephardt who introduced its first version) provided that when the House agrees to a budget resolution, the Clerk shall prepare a joint resolution suspending the debt limit for the fiscal year covered by the budget resolution. It was repealed at the beginning of the 107th Congress, which had a Republican majority.The Gephardt Rule reflects the language of the 14th Amendment and would obviate...
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