'I think if I were president, I would be tempted to do that,' Republican Senator Josh Hawley told Newsweek.
, to ensure that formerly Confederate states would not reject the federal debt and take on the Confederacy's debt.
The theory is untested. Congress has approved additional funding to pay America's incurred debt, increasing the borrowing limit dozens of times in recent decades.that the broad language of the Public Debt Clause gives the president latitude to lift the debt through executive action, without approval from the Legislative Branch.
The White House, for its part, has not signaled publicly whether Biden would consider acting on his own if House Republicans refuse to pass a clean debt ceiling increase without any spending cuts. White House press secretary has deflected questions in recent days about the possibility of Biden taking executive action to lift or suspend the debt limit."We're not going to entertain scenarios where Congress compromises the full faith and credit of the United States," Jean-Pierre said Wednesday, when asked if the White House would consider invoking the 14th Amendment.Senate Majority Leader Charles Schumer has emphasized the need for a"clean" increase to the debt limit.
"If [acting under the 14th Amendment] ends and settles the question, I think markets will breathe a huge sigh of relief that this danger is now over," he added."If the MAGA folks decide they're going to litigate it, that creates a lot of risk and uncertainty in markets, and that decision would do a lot of damage."
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