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What does the 14th Amendment have to do with the debt ceiling? ... The 14th Amendment deals mainly with equal protections granted to citizens under the law. However, ...
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 ...
Others have argued a president could exert authority under the 14th Amendment, which says the “validity of the public debt, authorized by law… shall not be questioned.”
Since the debt ceiling system was instituted in 1917, Congress has never not raised the debt ceiling. Congress has voted 78 times to raise or suspend the debt limit since 1960.
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 ...
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 ...
U.S. federal government debt ceiling from 1990 to January 2012 [32] (unadjusted for GDP and population) The debt-ceiling debate of 1995 led to a showdown on the federal budget and resulted in the U.S. federal government shutdowns of 1995 and 1996. [33] [34] In all, Congress raised the debt ceiling eight times during the Clinton Administration.
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 ...