[Deagle]

The debt limit still have to be approved by both houses and signed by the President - at least to my recollection. Neither the President nor the Senate has the power to raise that by themselves.

Am I wrong here?

[Cboldt]

You are correct that both the House and Senate have to agree. I mistook your comment as being one of "origination."

Obama would sign a 50 trillion increase in debt limit. I can't imagine a president not agreeing to a debt increase.