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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 ...
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 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 ...
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
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.
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 ...
WASHINGTON (Reuters) - President 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 ...