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14th Amendment Agreement For Debt Ceiling In King
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King
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US-000280
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Congress has always acted when called upon to raise the debt limit. Since 1960, Congress has acted 78 separate times to permanently raise, temporarily extend, or revise the definition of the debt limit – 49 times under Republican presidents and 29 times under Democratic presidents.
For example, in December 2021, Congress raised the debt ceiling from $28.9 trillion to $31.4 trillion, allowing borrowing to proceed until the total government borrowing reached this new limit (which finally happened on January 19, 2023).
Congress has always acted when called upon to raise the debt limit. Since 1960, Congress has acted 78 separate times to permanently raise, temporarily extend, or revise the definition of the debt limit – 49 times under Republican presidents and 29 times under Democratic presidents.
The Fourteenth Amendment of the U.S. Constitution contains a number of important concepts, most famously state action, privileges or immunities, citizenship, due process, and equal protection—all of which are contained in Section One.
Section Five of the Fourteenth Amendment vests Congress with the authority to adopt “appropriate” legislation to enforce the other parts of the Amendment—most notably, the provisions of Section One.
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NR's A Martinez speaks with Democratic Sen. The debt limit is a law restricting how much the federal government may borrow.The Constitution forbids using the threat of national default the way some in Congress are now using it. Plaintiffs claiming that the debt ceiling is unconstitutional didn't file a motion for immediate relief. So far, neither President Joe Biden nor House Speaker Kevin McCarthy, RCalif. , is giving ground ahead of debt ceiling talks. The president plans to address the nation at 7 p.m. Eastern about legislation that will avert an unprecedented default on U.S. debt. But a top White House adviser to President Joe Biden said they were hopeful for a resolution. If Congress had listened to the American people and sent that amendment to the States for ratification, we would not be facing the fiscal crisis we are today.