What is Article 14? Backers demand invocation on debt ceiling, but Biden says no
Hindustan TimesIn the latest developments surrounding the ongoing US debt crisis, President Joe Biden has announced that he will not invoke the 14th Amendment to prevent a potential default. Understanding Article 14 of the United States Constitution: Article 14, also known as the Debt Ceiling Clause, states, "The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned." Legal Interpretation and Potential Implications: Legal scholars have debated the interpretation of Article 14, particularly concerning its implications for the debt limit set by Congress. The differing opinions among legal scholars contribute to the ongoing debate surrounding the potential implications of Article 14 in addressing the US debt crisis. As negotiations continue between President Biden and Speaker McCarthy, finding common ground on the debt ceiling remains crucial to ensure the financial stability of the United States and prevent any adverse consequences for the economy.
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