Tags: pelosi | obama | debt | limit

Pelosi: Obama Should Raise Debt Limit Without Consulting Congress

Thursday, 26 Sep 2013 12:31 PM

  Comment  |
   Contact Us  |
|  A   A  
  Copy Shortlink
House Minority Leader Nancy Pelosi says President Barack Obama made a mistake in pledging not to raise the debt limit without congressional approval.

According to The Hill, the California Democrat said Obama should have kept alive the option of increasing the ceiling unilaterally based on the 14th Amendment, which she insisted gives the president the power to increase the nation's borrowing authority without the consent of Congress.

"I think the 14th Amendment covers it," Pelosi told reporters Wednesday, The Hill noted. "The president and I have a disagreement in that regard, I guess."

South Carolina Rep. James Clyburn, the assistant Democratic leader, nodded in agreement as he stood beside Pelosi, according to The Hill.

Section 4 of the 14th amendment reads: "The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned."

The Treasury Department said Wednesday that the government will be on the verge of default by Oct. 17, The New York Times reported.

Obama wants Congress to approve a debt limit increase without any conditions, but House Republicans want to add a range of policy prescriptions, including a one-year delay of Obamacare, to any bill that raises the debt ceiling.

Related Stories:

Not Lifting Debt Ceiling Would Be 'Dumb,' Buffett Says
Republican Debt-Ceiling Strategy Relies on Obama's Budget

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact Us  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Retype Email:
Zip Code:
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Kim Novak Hits Back at Post-Oscar 'Bullies'

Friday, 18 Apr 2014 19:57 PM

Veteran actress Kim Novak has lashed out at the bullies who mocked and criticized her appearance at the Academy Awards . . .

Few Clues as to How US Mystery Jet Ended Up in Iran

Friday, 18 Apr 2014 19:51 PM

The saga of an American plane owned in trust by a little bank in Utah that wound up at an airport in Iran's capital this . . .

Teen Suspended for Asking Miss America to Prom

Friday, 18 Apr 2014 19:36 PM

A Pennsylvania high school student is in hot water for asking Miss America to prom during a question and answer session  . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved