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Reason
Reason
Politics
Elizabeth Nolan Brown

Biden, Yellen Won't Rule Out Declaring Debt Ceiling Unconstitutional

Can the president declare the debt ceiling unconstitutional? If Democrats and Republicans don't reach a resolution on raising the government's borrowing limit, the U.S. could have to start defaulting on some payments as soon as June. Rather than compromise with their conservative counterparts to resolve this situation, some Democrats want to declare the debt ceiling itself unconstitutional.

Unilaterally casting aside government borrowing caps like this would have profound and disastrous effects. But that's the sorry point we've reached in these negotiations.

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