'We write to urgently request that you prepare to exercise your authority under the 14th Amendment of the Constitution,' say five senators in a letter to Biden about the debt ceiling.
a longshot effort to force a vote on a clean debt limit hike without the support of Speaker Kevin McCarthy , but they would have to convince all members of their own caucus plus five Republicans to back the move. Given the stakes and limited options to avert a default, support is growing for the 14th Amendment path.
"We are in a situation where these extreme Republicans in the House are demanding completely untenable policies in exchange for not driving the country's economy off a cliff," Smith told the"I deeply admire the work of the Biden administration and their negotiators to try and find some common ground," she added."But looking at it from my perspective, the extremists from the House better take note that this kind of hostage-taking cannot work.
In response to the reporting, Dean Baker, senior economist at the Center for Economic & Policy Research,
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