AllSides Balanced Search

The Public Debt Clause theory doesn’t work because the text of the clause gives no hint of a presidential authority—”Congress shall have power to enforce” it, not the president. Using Congress’s section 5 enforcement power to take Congress’s Article 1 borrowing power would be an ambitious double heist. Second, as my paper recounts at length, legislative limits on executive borrowing were

The End Game For The Debt Ceiling By Howard Wang of Convoy Investments The US debt ceiling crisis Currently there is considerable political tension and bickering surrounding the US debt ceiling, resembling the dinner table dynamics of a financially troubled and debt laden family. Over the past few years, I have frequently discussed the escalating US sovereign debt level due to its growing

House speaker Kevin McCarthy’s narrow majority will put him at a distinct disadvantage in the debt-ceiling fight relative to what John Boehner had to work with back in 2011.

The reason is that during these sorts of standoffs between the House and Senate, it’s always helpful to the negotiating position of one chamber when the majority party is able to pass a bill, and then deflect blame