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Debt Ceiling

House Dems urge Obama to raise debt ceiling unilaterally if Republicans resist

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 ...

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  8. White House Warns Failure to Raise Debt Ceiling Would Mean Economic 'Crisis'

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  9. Should Obama Invoke 14th Amendment to Raise Debt Ceiling ?

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  12. Obama asks to raise debt ceiling again

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  1. House GOP lines up behind short-term plan to raise debt ceiling with conditions

    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...

  2. 21 Dems Vote for President to Raise Debt Ceiling

    Rep. James Clyburn, (D-S.C.), discusses why he wants to give the president the power to raise the debt ceiling .

  3. Does president need Congress to raise debt ceiling ?

    Former Gov. Haley Barbour weighs in

  4. Will Obama raise debt ceiling on his own?

    Some Dems urging president to invoke 14th Amendment

  5. Obama Trying to Bypass Congress to Raise Debt Ceiling ?

    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.

  6. Another Debt Ceiling Debate

    Former CBO director Doug Holtz-Eakin on whether Congress can easily reach another debt ceiling agreement.

  7. After the Show Show: Raise Debt Ceiling ?

    Ann Coulter discusses the debt ceiling debate

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