A clause in the 14th Amendment is being cautiously considered as a possible emergency fix as the U.S. economy hurtles toward the looming threat of default. The U.S. passed its borrowing limit earlier this year, and the Treasury Department has now said it could run out of ways to stave off a default by as soon as June 1 — and lawmakers and the White House are battling over whether and how to lift the $31.4 trillion debt ceiling and skirt default. Republicans want to hike the debt limit and implement spending cuts, while the White House has pressed for a “clean” increase — bringing progress to an impasse. Here’s what to know about the 14th Amendment and the debt ceiling: What i
Hence then, the article about how the 14th amendment could solve the debt crisis was published today ( ) and is available onThe Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( How the 14th Amendment could solve the debt crisis )