US Judge Sets Hearing for 14th Amendment Case on Eve of Debt Limit X-Date

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'What we're faced with, I fear, is that the government doesn't really have a position on this, but there is no time to prevent irreparable injury,' said Thomas Geoghegan, an attorney for the National Association of Government Employees.

for the Tuesday conference states that"defendants intend to file an opposition to plaintiff's emergency motion for preliminary injunction."that"it's not necessarily opposition to the underlying arguments. It's possible that their opposition is either to a court ordering this or employees, through litigation, ordering them to do so. I'd think it would be unusual for any executive to argue otherwise."a letter to the White House.

"Many federal agencies that deliver services directly to the public, like the Social Security Administration, are already at the breaking point from years of inadequate funding," American Federation of Government Employees national president Everett Kelley wrote to Biden, warning the House GOP's proposed spending cuts"would be an economic and humanitarian calamity."

"I urge you not to yield to threats but instead to heed the advice of many legal scholars who have concluded that you have the inherent power, and indeed the duty, to avoid a default under the Constitution's 14th Amendment," Kelley added."You have additional authorities to mint platinum coins under 31 USC § 5112. Please use these authorities now before it is too late.

"My current thinking on the best way for Biden to deal with the debt limit is to sell zero-principal bonds," Bruenig wrote."These would not count as debt under the wording of the debt limit statute because they have a $0 face value.

"But whichever course of action Biden chooses," he concluded,"we should be clear that he has other options than agreeing to crack the whip against America's poor."

 

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