PolitiFact - Could President Biden use the 14th Amendment to head off a debt default?

  • 📰 PolitiFact
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 71%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

The White House is considering invoking the 14th Amendment to end the standoff, but courts have rarely ruled on the provision.

, President Joe Biden cracked open the door to deploying an untested legal strategy involving the amendment best known for granting citizenship to enslaved Black Americans following the Civil War.and proposed spending cuts from Republicans that he considers untenable. Although President Barack Obama considered using the 14th Amendment during a debt ceiling standoff in 2011, he decided against it, questioning the move’s ability to withstand legal challenge.

In court, the government could argue that it faces two irreconcilable laws: the debt limit, and the requirement to pay the bills it owes. It could point to the 14th Amendment and say that the concept of a debt limit runs afoul of the Constitution.reporters following a meeting with congressional leaders. He said a legal scholar he trusts, Laurence H. Tribe of Harvard University, has recently come out in favor of using the amendment to head off default.

Biden added that internal discussions have been underway, but he acknowledged that the legality of such a move"would have to be litigated," making the tactic’s usefulness dependent on the courts’ agreement.at a meeting of finance ministers and central bankers in Japan, saying it was"legally questionable whether that’s a viable strategy."

The debt limit is a statutory dollar figure that constrains how much debt the federal government can carry at a given time to pay for its operations. The debt ceiling now in effect is projected to be

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 17. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PolitiFact - Could President Biden use the 14th Amendment to head off a debt default?How could a clause in the 14th Amendment, enacted to guarantee citizenship after the Civil War, shape the battle over the debt limit? The White House is considering invoking the amendment to end the standoff, but courts have rarely ruled on the provision.
Source: PolitiFact - 🏆 17. / 71 Read more »

Treasury Secretary Yellen says 14th Amendment wouldn’t be ‘appropriately used’ for debt ceilingTreasury Secretary Janet Yellen said Sunday that President Biden invoking the 14th Amendment to circumvent Congress and lift the debt ceiling to avoid default is not likely legally sound.
Source: WashTimes - 🏆 235. / 63 Read more »

Biden flirts with 14th Amendment as pressure mounts from right and left in debt talksPresident Biden is threatening to utilize an unprecedented and constitutionally questionable maneuver to circumvent Republicans on the debt limit with less than two weeks until the U.S. is likely to default and be unable to pay its bill.
Source: WashTimes - 🏆 235. / 63 Read more »

Could Biden use the 14th Amendment to raise the debt ceiling?President Joe Biden on Sunday said he believes he has the legal right to invoke the 14th Amendment of the U.S. Constitution to raise the federal government's $31.4 trillion debt ceiling but does not have the time to do so.
Source: KSLcom - 🏆 549. / 51 Read more »

Sen. Stabenow: 14th Amendment, discharge petition are 'viable' options to avoid defaultDiscussions between the White House and Republicans broke down over the weekend, less than two weeks before the June 1st deadline to raise the debt ceiling. As an alternative, some Democrats set the ball rolling on other options to avoid a default, including invoking the 14th Amendment and a discharge petition – and Sen. Debbie Stabenow (D-MI) says both are “viable” options to end what she calls a “manufactured crisis.” “I do think the 14th Amendment is viable,” she tells Ali Velshi about the unprecedented and untested move. “It's never been used because we've never had a group of Republicans, or anybody crazy enough, to get us to a point where we actually might have a default.”
Source: MSNBC - 🏆 469. / 51 Read more »

Biden: I Have ‘Authority’ to Use 14th Amendment in Debt Ceiling FightPresident Joe Biden said Sunday that he believes he has the legal “authority” to invoke the 14th Amendment of the U.S. Constitution to go around Republicans and raise the $31.4 trillion debt ceiling.
Source: thedailybeast - 🏆 307. / 63 Read more »