House Democrats want President Obama to take a new approach to Republican resistance over raising the debt ceiling -- by simply ignoring it. More than 20 Democratic members of Congress have signed onto a letter urging the president use an obscure constitutional provision to attempt to circumvent any resistance in Congress to raising the debt ceiling. They claim the 14th Amendment, which contains a section stating that "the validity of the public debt of the United States...shall not be questioned," would allow Obama to raise the debt limit by himself. "In the event (Republicans) follow through on this reckless threat, we would support your use of the 14th Amendment to preserve America's full faith and credit and prevent further damage to our economy," the lawmakers, led by Rep. Peter Welch of Vermont, wrote in the letter. The Democrats said they support Obama's view that Congress should not use the debt ceiling as leverage to extract other concessions out of the administration. In the ...
Rep. Jeff Duncan, (R-S.C.), discusses whether it’s possible to increase the debt ceiling without additional taxes on the American people.
Senate Republicans were unable to muster enough votes Thursday for a bill opposing another $1.2 trillion increase in the debt ceiling. The measure was defeated on a ...
Empyrion Wealth Management president Kim Foss gives her outlook for the markets.
IMF managing director Christine Lagarde weighs in on the IMF's report on the U.S. economy.
FBN’s Jo Ling Kent on Microsoft and Best Buy announcing Windows stores at more than 600 Best Buy locations.
Former council of economic advisors chairman Glenn Hubbard weighs in on the economy and Fed.
FBN’s Gerri Willis on the administration’s effort to sneak in a debt ceiling increase during the holiday season.
The top White House economic adviser warned lawmakers Sunday that the United States faces a catastrophe if Congress does not raise the debt ceiling, as spend-averse ...
Constitutional attorney Bruce Fein on President Clinton’s suggestion that President Obama invoke the fourteenth amendment to raise the debt ceiling .
Beacon Economics Principal Christopher Thornberg on the risks of a downgrade of the U.S. credit rating.
Sen. Mark Begich on need for congressional solution
What is political impact of request?
House Republicans were lining up behind a debt ceiling proposal that would extend the nation's borrowing limit temporarily while emphasizing the need for Congress to...
Rep. James Clyburn, (D-S.C.), discusses why he wants to give the president the power to raise the debt ceiling .
Former Gov. Haley Barbour weighs in
Some Dems urging president to invoke 14th Amendment
Cato Constitutional expert Ilya Shapiro, Independent Women’s Forum Executive Director Sabrina Schaeffer and WSJ Editorial Page Editor Steve Moore on the President’s political strategies.
Former CBO director Doug Holtz-Eakin on whether Congress can easily reach another debt ceiling agreement.
Ann Coulter discusses the debt ceiling debate