Source: Common Dreams
“As the White House and congressional negotiators fail to stop the U.S. from hurtling toward an economically ‘catastrophic’ default, a labor union representing nearly 75,000 government workers on Friday asked a federal court to take emergency action. Treasury Secretary Janet Yellen has warned that if Congress doesn’t raise the debt ceiling — which House Speaker Kevin McCarthy (R-Calif.) and other GOP lawmakers refuse to do without spending cuts targeting working people — the government could run out of money to pay its bills as early as June 1. That rapidly approaching deadline and fruitless negotiations have led a growing number of lawmakers and legal scholars to urge President Joe Biden to invoke [imaginary authority under] the 14th Amendment to the U.S. Constitution, which states that ‘the validity of the public debt … shall not be questioned.'” (05/19/23)
https://www.commondreams.org/news/14th-amendment-debt-ceiling-nage