{"id":573843,"date":"2023-05-10T02:02:20","date_gmt":"2023-05-09T23:02:20","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/biden-says-hes-considering-14th-amendment-as-debt-ceiling-option\/"},"modified":"2023-05-10T02:02:20","modified_gmt":"2023-05-09T23:02:20","slug":"biden-says-hes-considering-14th-amendment-as-debt-ceiling-option","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/biden-says-hes-considering-14th-amendment-as-debt-ceiling-option\/","title":{"rendered":"#Biden says he\u2019s considering 14th Amendment as debt ceiling option"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/05\/bidenjoe_050823gn01_w.jpg?w=900\" \/><\/p>\n<div>\n<p>President Biden on Tuesday said he has been looking at the 14th Amendment as a way to unilaterally work around the debt ceiling, though he acknowledged it will not be a viable short-term solution with the nation on track to default without congressional action by June.<\/p>\n<p>\u201cI have been considering the 14th Amendment, and the man I have enormous respect for, Larry Tribe \u2026 thinks that it would be legitimate,\u201d Biden told reporters after a meeting with congressional leaders on the debt ceiling.<\/p>\n<aside class=\"ad-unit ad-unit--mr1_ab\"><\/aside>\n<p>\u201cBut the problem is it would have to be litigated,\u201d Biden continued. \u201cAnd in the meantime, without an extension, it would still end up in the same place.\u201d<\/p>\n<p>Biden added that once the White House and lawmakers deal with the task at hand of raising the debt ceiling, he plans to look at whether the court would rule that the 14th Amendment allows the president to continue issuing debt.<\/p>\n<p>McCarthy, however, threw cold water on the idea.<\/p>\n<p>\u201cReally think about this, if you\u2019re the leader, if you\u2019re the only president and you\u2019re going to go to the 14th amendment to look at something like that \u2013 I would think you\u2019re kind of a failure of working with people across sides of the aisle, or working with your own party to get something done,\u201d he said at the Capitol.<\/p>\n<p>Talk of whether the debt limit is constitutional under the 14th Amendment \u2014 which <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly deals with citizenship and was added to the Constitution after the Civil War \u2014\u00a0 has heated up inside the Beltway as concerns the U.S. could default grow increasingly urgent.<\/p>\n<p>The idea hinges on a phrase in the 14th Amendment that says the public debt \u201cshall not be questioned.\u201d<\/p>\n<aside class=\"ad-unit ad-unit--mr2_ab\"><\/aside>\n<p>But some Biden administration officials have been extremely reluctant to embrace the idea, pointing to the potential legal and economic consequences.<\/p>\n<p>\u201cThere is no way to protect our financial system and our economy other than Congress doing its job and raising the debt ceiling and enabling us to pay our bills,\u201d Treasury Secretary Janet Yellen said Sunday on ABC. \u201cAnd we should not get to the point where we need to consider whether the president can go on issuing debt. This would be a constitutional crisis.\u201d<\/p>\n<p>Yellen would not explicitly say the idea was not being considered but described it as \u201cone of the not good options\u201d if Congress fails to act.<\/p>\n<aside class=\"ad-unit ad-unit--mr3_ab\"><\/aside>\n<p>Tribe, the Harvard law professor Biden invoked on Tuesday, previously opposed the idea, but he said that, while overarching issues remain, \u201cthey are the wrong ones for us to be asking.\u201d<\/p>\n<p>\u201cThe right question is whether Congress \u2014 after passing the spending bills that created these debts in the first place \u2014 can invoke an arbitrary dollar limit to force the president and his administration to do its bidding,\u201d he wrote in an op-ed in The New York Times.<\/p>\n<p>Yellen has warned lawmakers the U.S. could breach the debt limit by early June, meaning the country would default if Congress does not act. A default would lead to increased interest rates, the potential loss of jobs, a likely drop in the stock market and delayed <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Social<\/a> Security payments, among other consequences.<\/p>\n<aside class=\"ad-unit ad-unit--mr4_ab\"><\/aside>\n<p>Biden met with congressional leaders at the White House on Tuesday, though the sides did not <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ear to make meaningful progress toward avoiding default.<\/p>\n<p><em>Emily Brooks contributed. Updated at 8:18 p.m.<\/em><\/p>\n<\/div>\n<p>Copyright 2023 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.<\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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