Jessica Corbett, Common Dreams
As congressional leaders prepare for a Tuesday meeting at the White House, Congressman Jamie Raskin, a constitutional scholar, affirmed Sunday that if GOP lawmakers won’t raise the debt ceiling without major spending cuts, President Joe Biden can invoke the 14th Amendment to keep borrowing and avert a catastrophic first-ever U.S. default.
Section 4 of the 14th Amendment to the U.S. Constitution says in part, “The validity of the public debt of the United States, authorized by law… shall not be questioned.”
Asked whether the president could and should use that part of the amendment to combat Republican efforts to hold the global economy hostage, Raskin (D-Md.) told MSNBC‘s Jen Pskai—Biden’s former press secretary—that “I think he has that authority under these circumstances, absolutely, because the Congress has put him in a constitutionally untenable position.”
.@jrpsaki Do you think President Biden has the authority to invoke the 14th Amendment to raise the debt ceiling on its own? @RepRaskin: "I think he has that authority under these circumstances, absolutely. The Congress has put him in a constitutionally untenable position." pic.twitter.com/UXxxBeMZve
— Inside with Jen Psaki (@InsideWithPsaki) May 7, 2023
“If he decides to default for the country, he’s… violating the Constitution, because the 14th Amendment says you can’t do that,” Raskin said of Biden, pointing to a New York Times opinion piece by Harvard University professor emeritus Laurence Tribe.
Tribe—whose previous students include Raskin along with former President Barack Obama, U.S. Attorney General Merrick Garland, and Supreme Court Justices John Roberts and Elena Kagan—detailed why he has changed his mind on the debt limit argument.
“The question isn’t whether the president can tear up the debt limit statute to ensure that the Treasury Department can continue paying bills submitted by veterans’ hospitals or military contractors or even pension funds that purchased government bonds,” he wrote Sunday. “The question isn’t whether the president can in effect become a one-person Supreme Court, striking down laws passed by Congress.”
The right question is whether Congress—after passing the spending bills that created these debts in the first place—can invoke an arbitrary dollar limit to force the president and his administration to do its bidding.
There is only one right answer to that question, and it is no.
And there is only one person with the power to give Congress that answer: the president of the United States. As a practical matter, what that means is this: Mr. Biden must tell Congress in no uncertain terms—and as soon as possible, before it’s too late to avert a financial crisis—that the United States will pay all its bills as they come due, even if the Treasury Department must borrow more than Congress has said it can.
Praising Tribe’s piece for the Times, Rep. Ro Khanna (D-Calif.) tweeted early Monday: “The Treasury has the [constitutional] obligation to pay our debts and spend the money Congress has already directed it to do. It really is that straightforward.”
In a letter to House Speaker Kevin McCarthy (R-Calif.) last week, Treasury Secretary Janet Yellen warned that “our best estimate is that we will be unable to continue to satisfy all of the government’s obligations by early June, and potentially as early as June 1.”
Appearing on ABC‘s “The Week” Sunday, Yellen confirmed the timeline she laid out for the speaker is “still our current thinking” and explained that “we’ve been using extraordinary measures for several months now, and our ability to do that is running out.”
While acknowledging that Biden said Friday he was not yet ready to invoke the 14th Amendment, ABC‘s George Stephanopoulos asked Yellen if it was still a possibility. She would not explicitly address whether the White House is considering the move, instead stressing that “our priority is to make sure that Congress does its job.”
“There is no way to protect our financial system and our economy other than Congress doing its job and raising the debt ceiling and enabling us to pay our bills,” Yellen said. “And we should not get to the point where we need to consider whether the president can go on issuing debt. This would be a constitutional crisis.”
Led by McCarthy, House Republicans last month passed their so-called Limit, Save, Grow Act, which would raise the debt ceiling by $1.5 trillion or until March 31, 2024—whichever comes first—but also impose dramatic cuts that would notably impact lower-income households. Senate Majority Leader Chuck Schumer (D-N.Y.) has repeatedly called the bill “dead on arrival.”
House Minority Leader Hakeem Jeffries (D-N.Y.) and fellow Democrats are working on a “discharge petition” effort to force a vote on a clean bill raising the debt limit, but doing so would require support from at least five Republicans, which is unlikely.
In a Monday letter to Schumer, 43 GOP senators made clear that they are “united behind the House Republican conference in support of spending cuts and structural budget reform as a starting point for negotiations on the debt ceiling.”
Meanwhile, Schumer, Jeffries, and other Democratic leaders on Monday released an updated version of their recent report warning that Republicans forcing a default would be catastrophic, “but even the threat of breaching the debt ceiling can have serious economic consequences for families.”
Biden is set to meet with McCarthy, Jeffries, Schumer, and Senate Minority Leader Mitch McConnell (R-Ky.) Tuesday “for what he called a separate negotiation on fiscal policy—even though it is effectively linked to the debt limit drama,” the Times noted Monday.
The newspaper added:
White House officials said this weekend that Mr. Biden has been publicly and privately adamant that he will not bargain with Republicans over raising the limit. “Let’s get it straight: They’re trying to hold the debt hostage to get us to agree to some draconian cuts, magnificently difficult and damaging cuts,” Mr. Biden told a meeting of cabinet members and other economic officials on Friday.
Citing three unnamed sources with knowledge of internal conversations, The Washington Post reported Monday that White House officials see unilateral actions—from invoking the 14th Amendment to minting a platinum coin worth $1 trillion—as “risky choices that could cause lasting economic damage” but also “do not want to take the proposals completely off the table.”
The National Association of Government Employees (NAGE), which represents about 75,000 federal employees, cited the 14th Amendment in a federal lawsuit filed Monday that seeks to have the debt limit law declared unconstitutional.
NAGE’s complaint, which names Biden and Yellen as defendants, argues the debt limit statute “is unconstitutional because it puts the president in a quandary to exercise discretion to continue borrowing to pay for the programs which Congress has heretofore duly authorized and for which Congress has appropriated funds or to stop borrowing and to determine which of these programs the president, and not the Congress, will suspend, curtail, or cancel altogether.”
The filing adds that NAGE “seeks to protect all its members from additional extraordinary measures as well as major spending-related actions that will necessarily be taken without approval of Congress and that result in layoffs, furloughs, requirements for unpaid work, and loss of funding of the pensions and retirement plans of its members.”