As the Treasury Department rattled markets on Thursday with a recession warning about a potential government default, one controversial option remains off the table: raising the debt ceiling by invoking the 14th Amendment.
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Steven L. Schwarcz from Duke Law examines the consequences, both economic and legal, of a “technical” U.S. debt default, and why such a default today would be devastating.
Nancy Pelosi’s recent comments about using the 14th Amendment to avoid the debt ceiling aren’t new, and in fact, they invoke an extensive argument from 2011 about the Constitution and Congress.
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Supreme Court Justice Ruth Bader Ginsburg tells a National Constitution Center audience why she is speaking out about “judicial activism” in recent Supreme Court cases involving voting rights and health care.