If the fight with Congress over raising the government’s debt limit is such a dire threat, why doesn’t President Joe Biden just raise the borrowing ceiling himself? It’s theoretically possible, but he’s skeptical.
t. One potential option Biden and his advisers have been looking at: Would he have the power to go around lawmakers by relying on the Constitution's 14th Amendment in a last-ditch move to avert default?
It also includes this clause, which some legal scholars see as relevant to today's showdown: “The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.”
The former president said he believes Democrats will “absolutely cave” and a default will be avoided. But he said a default is preferable to allowing the federal government to keep spending money like “drunken sailors.”Biden has said his administration is studying the idea of invoking the 14th Amendment. He said he's skeptical that it is a viable option but the “one thing I’m ruling out is default.
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