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Economy

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sprinkleeninow

(20,643 posts)
Wed May 24, 2023, 02:50 PM May 2023

Yahoo News: Can Biden use the 14th Amdt. to thwart a debt default without tanking the economy? [View all]

https://www.aol.com/biden-14th-amendment-thwart-debt-153139305.html

Excerpt:
Biden is correct that invoking the Fourteenth Amendment’s passing mention of the public debt leaves open the door to further litigation. But the move would deprive Republicans of the political safe harbor that comes with pretending to be negotiating. If Republicans or their allies in the Supreme Court super-legislature want to take the steps necessary to reimpose the threat of default, they’d have to step forward and do it on their own. It would no longer be on Biden or the Democrats.” — Jason Linkins
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