Friday, July 29, 2011

...And about all that talk about Obama and 14th Amendment on debt ceiling

According to Reuters, the White House on Friday addressed increasing calls by some Democrats for President Barack Obama to raise the debt ceiling on his own by invoking the 14th Amendment of the Constitution.

"This administration does not believe that the 14th amendment gives the president the power to ignore the debt ceiling," White House spokesman Jay Carney said.

A clause dating from the Civil War era of the 1860s says the U.S. public debt "shall not be questioned." The White House has resisted taking such a step.

Read more at http://www.reuters.com/article/2011/07/29/usa-debt-whitehouse-amendment-idUSWNA523620110729

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