Economy

Yellen says using 14th Amendment to scrap debt limit would cause a ‘constitutional crisis’

By Ryan King
Published May 7, 2023 3:14pm ET
Add Washington Examiner on Google
Yellen says using 14th Amendment to scrap debt limit would cause a ‘constitutional crisis’
Treasury Secretary Janet Yellen repeatedly declined to rule out the possibility of declaring the debt ceiling unconstitutional if Congress fails to resolve its standoff, but said doing so would be a “not-good” option. Amid the brinkmanship, some have suggested that President Joe Biden could invoke the 14th Amendment to scrap the debt limit and avert […]

Treasury Secretary Janet Yellen repeatedly declined to rule out the possibility of declaring the debt ceiling unconstitutional if Congress fails to resolve its standoff, but said doing so would be a “not-good” option.

Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.

Tag:

14th Amendment Congress Debt Ceiling Fiscal Policy Janet Yellen