Is this really grounds for the White House to ignore Republicans?
for the U.S. to fail to make payments and default on its debts, especially volitionally, for political purposes, which is exactly what Kevin McCarthy is threatening. Biden invoking the amendment would be like calling McCarthy’s bluff, a move that would rely on the cooperation of the Treasury Department to go ahead and just keep borrowing money.
Democrats have long lived in fear of retribution from the financier class and Mr. Market . Also, the party’s figureheads have historically much preferred to simply give up preemptively rather than challenge the court head-on.And not everyone in the White House is convinced. Arguably no cabinet member has been more vocal on that front than Treasury Secretary Janet Yellen. In her own words, on the 14In the past 63 years, the national debt limit has been raised nearly 80 times.
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