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What Happens If The U.S. Defaults On Its Debt? Here's Why It Won't

Money For the Rest of Us

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The 14th Amendment and the US Government's Debt

The 14th Amendment says that the validity of the US government's public debt shall not be questioned. If Congress has passed spending bills, can they put limits on what the president can borrow? Lawrence H. Tribe who's a constitutional scholar says the president should go before Congress and say I am bound by my oath to preserve and protect the Constitution.

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