The Chamber of Commerce, the largest business group in the nation, warned President Biden on Friday of the potentially disastrous economic effects of invoking the 14th Amendment to avoid the country defaulting on its debts. “It is the Chamber’s view that attempting to invoke so-called ‘powers’ under the 14th Amendment would be as economically calamitous as a default triggered by a failure to lift the debt limit in a timely manner,” the Chamber’s chief policy officer Neil Bradley wrote in a letter to the president. Bradley argued that the president acting unilaterally to issue new debt above the debt limit is not supported by the Constitution and “ignores negative economic consequenc
Hence then, the article about us chamber warns biden using 14th amendment would be economically calamitous 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 ( US Chamber warns Biden using 14th Amendment would be ‘economically calamitous’ )