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The 14th Amendment says the debt of the United States shall not be questioned; a default questions the debt big time, and so is unconstitutional. — Sheldon Whitehouse (@SenWhitehouse) May 17, 2023
The theory is based on a clause in the 14th Amendment that reads “the validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and ...
The idea of President Biden trying to unilaterally cancel the debt ceiling by invoking a Civil War-era law appears to be gaining traction. Fixing the debt ceiling with the 14th amendment could ...
Democratic Rep. Jamie Raskin told BI that the president could invoke a clause in the 14th Amendment that would declare a default and the debt ceiling that caused that default unconstitutional.
Many scholars argue that debt ceiling law is unconstitutional and there is no legal basis by which the U.S. government may default on any of its debt. [13] [14] [15] They point to Section Four of the 14th Amendment of the United States Constitution, which states that "the validity of the public debt of the United States...shall not be ...
Debt Limit 14th Amendment-Explainer. FILE - President Joe Biden speaks on the debt limit during an event at SUNY Westchester Community College, May 10, 2023, in Valhalla, N.Y. Biden and his ...
The Fourteenth Amendment (Amendment XIV) to the United States Constitution was adopted on July 9, 1868, as one of the Reconstruction Amendments.Usually considered one of the most consequential amendments, it addresses citizenship rights and equal protection under the law and was proposed in response to issues related to formerly enslaved Americans following the American Civil War.
While the Fourteenth Amendment, ratified in 1866, is more widely known for its provisions granting citizenship to freed slaves and establishing equal rights, it also contains a long-forgotten provision, Section 4, that states, in part, "The validity of the public debt of the United States, authorized by law, including debts incurred for payment ...