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Economy

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

By Ryan King
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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.

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14th Amendment Congress Debt Ceiling Fiscal Policy Janet Yellen