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Sunday, June 24, 2018
14th amendment

Report: Geithner Rules Out Constitutional Option on Debt Limit

Treasury Secretary Tim Geithner apparently told lawmakers in the private bipartisan debt ceiling talks yesterday that the so-called Constitutional Option, or invoking the 14th amendment guarantee that “[t]he validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or […]

July 8, 2011