This critical action allows the government to continue borrowing to meet its legally binding financial obligations.
The Treasury will soon have to start running down its cash reserves and turn to “extraordinary measures” to pay the ...
What does the 14th Amendment have to do with the debt ceiling? As fear grew last year over the failure to reach a deal on raising the debt ceiling last year, the White House was said to be ...
Unlike any other president, Donald Trump has tested the words and ideas in the literal text of the US Constitution, from the ...
President-elect Donald Trump confounded members of Congress and flipped the government spending debate on its head when he demanded a premature increase to the debt ceiling on “Biden’s watch” rather ...
Another is for the president to simply declare that the debt ceiling is unconstitutional under the 14th Amendment. Such workarounds have been debated extensively in the press and among budget ...
Getting rid of the debt ceiling would be the “smartest thing ... Others have argued a president could exert authority under the 14th Amendment, which says the “validity of the public debt ...
During recent debt-ceiling standoffs, various plans to sidestep the limit were floated. Democratic Rep. Jamie Raskin told BI that the president could invoke a clause in the 14th Amendment that ...
I wish I could say the sheer lack of action with the Biden administration was surprising, but it was hardly unpredictable and ...
The debt ceiling could be a clear violation of the Fourteenth Amendment requiring the federal government to make good on the borrowing arising from its spending commitments. This would have been ...