Obama has repeatedly said he would not use the 14th to raise the debt ceiling. However, if the two sides can not come to an agreement next week, he may reconsider.
"Legal analyst Jeffrey Rosen has argued that Section 4 gives the president unilateral authority to raise or ignore the national debt ceiling, and that if challenged the Supreme Court would would likely rule in favor of expanded executive power or dismiss the case altogether for lack of standing."
Apple Computer now has more cash on hand than the federal government. Maybe Uncle Sam can arrange a quick loan while there's time.
Fourteenth Amendment to the United States Constitution - Wikipedia, the free encyclopedia
"Legal analyst Jeffrey Rosen has argued that Section 4 gives the president unilateral authority to raise or ignore the national debt ceiling, and that if challenged the Supreme Court would would likely rule in favor of expanded executive power or dismiss the case altogether for lack of standing."
Apple Computer now has more cash on hand than the federal government. Maybe Uncle Sam can arrange a quick loan while there's time.
Fourteenth Amendment to the United States Constitution - Wikipedia, the free encyclopedia