US Treasury dealers recommend ending federal debt ceiling

WASHINGTON, April 30 (Reuters) - The U.S. Treasury's primary dealers say they would like to see the federal debt ceiling disappear, as it likely increases debt service costs and market volatility and may hurt the dollar's reserve asset status, minutes of the Treasury Borrowing Advisory Committee (TBAC) showed on Wednesday.

"The Committee expressed that its preferred option would be for Congress to delegate broad authority to the administration to borrow as necessary to fund government obligations," the TBAC said in the minutes from its quarterly refunding meeting held on Tuesday.