U.S. Debt Ceiling Standoff: What You Need to Know As the deadline to raise the U.S. debt limit approached, the country faced the risk of defaulting on its debt obligations which would have had severe consequences on the financial system, the economy, and the government’s creditworthiness. In a bid to prevent this, Speaker Kevin McCarthy’s […]
H2: The 14th Amendment and the Debt Limit: Historical Implications The legality of the debt limit has long been a matter of debate, with many legal scholars arguing that it goes against the 14th Amendment of the United States Constitution. Section 4 of the amendment states that “The validity of the public debt of the […]
