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Faster, deeper and broader debt relief should be pursued vigorously".
Ms. Sigurdardottir said her government hasn't given up on broader debt relief to help struggling families.
So far, the broader debt crisis engulfing the euro zone nations has pushed discussion of the tax into the background.
The plan, which could save $4.8 billion, was seen on Wall Street as another indication that a broader debt crisis in Europe would be contained.
This year, Congress will have time to negotiate a broader debt deal before needing to raise the ceiling, even if negotiations spill into January.
And even if the fund were called upon to address Europe's broader debt crisis, doubts remain as to whether it has sufficient funds to do the job properly.
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Reverse auctions within broad debt classes would be risky, because current holders would try to unload the lowest-quality securities within each class.
He said that the bill would leave the Federal Reserve with emergency lending powers that could be abused, and that the bill would give the F.D.I.C. and the Treasury Department the ability to provide broad debt guarantees.
But it's a harder problem to get consumers to move in the opposite direction and save their money, especially considering the broad debt overhang that still lingers from the 2008 financial crisis.
Last March he co-authored an op-ed opposing broad debt relief for students defrauded by their colleges.
WASHINGTON - A group of top lawmakers on Wednesday set an ambitious July 1 goal to reach a broad debt-reduction deal, even though Republicans and Democrats are still far apart on taxes and healthcare.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com