The 14th Amendment of the US Constitution would allow President Obama to unilaterally raise the debt ceiling. However, White House advisor Gene Sperling on Rtrs.
“Invoking 14th amendment would work only if global markets did not see extended legal battle”
I can’t see that happening. They’re still raising the issue of prioritization so it seems like it’s firmly on the table. It sounds like they’re opening the door a bit here. Then again the chance of a legal fight is virtually 100%, so maybe they’re closing it.
“Invoking 14th amendment would work only if global markets did not see extended legal battle”
I can’t see that happening. They’re still raising the issue of prioritization so it seems like it’s firmly on the table. It sounds like they’re opening the door a bit here. Then again the chance of a legal fight is virtually 100%, so maybe they’re closing it.