Tuesday, July 26, 2011

14th Amendment: If Obama Opted For Constitutional Option, Legal Challenge Would Be Hard

NEW YORK (Reuters) - President Barack Obama says he will not bypass Congress and cite an obscure part of the U.S. Constitution to prevent a government debt default, but legal experts say it would prove difficult to challenge him in court should he change his mind.

Former President Bill Clinton argued last week that the 14th Amendment that states the "validity'' of government debt ''shall not be questioned'' means that Obama could simply ignore the congressionally imposed debt ceiling and go on borrowing.

Obama has indicated he considered the possibility, but on Tuesday his spokesman, Jay Carney, appeared to rule it out.


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