Yellen on invoking 14th Amendment to ignore debt limit: ‘We shouldn’t ever be in that position’
Treasury Secretary Janet Yellen said on Sunday that the U.S. should never be in a position in which officials need to consider invoking the 14th Amendment to ignore the debt limit.
“How about invoking the 14th Amendment as justification for continued borrowing? The text is pretty clear, ‘the validity of the public debt of the United States should not be questioned.’ Why not invoke that?” host George Stephanopoulos asked Yellen on ABC ‘s “This Week.”
“We shouldn’t be in a position where we need to consider whether or not the 14th Amendment applies. That’s a disastrous situation that the country shouldn’t be in,” Yellen said.
Asked about the possibility of invoking the 14th Amendment if Congress doesn’t act on the debt limit, Treasury sec. Janet Yellen tells @GStephanopoulos that “we shouldn’t ever be in that position.”
— This Week (@ThisWeekABC) October 10, 2021
She also said she would not “want to see the president or myself faced with the decision about what to do if Congress refuses to let us pay the government’s bills.”
“You know, what should you pay first? … We have to reassure the world that the United States is fiscally responsible, and that they can count on us to pay our bills. And that’s Congress’s job to do that on a bipartisan basis,” she added.
The Treasury secretary explained that she “couldn’t imagine” the United States being faced with a situation like that in early December, the next deadline to suspend or raise the debt ceiling.
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