Obama: White House lawyers unconvinced on 14th Amendment
WASHINGTON, July 22
WASHINGTON, July 22 (Reuters) - U.S. President Barack Obama said on Friday he discussed with White House counsel whether the 14th Amendment offered an alternative to raising the $14.3 trillion debt limit, and they concluded it did not.
"There is a provision in our Constitution that speaks to making sure that the United States meets its obligations and there have been some suggestions that a president could use that language to basically ignore that debt ceiling rule, which is a statutory rule," Obama told a town hall meeting.
"I have talked to my lawyers, they are not persuaded that that is a winning argument," he said. (Reporting by Steve Holland, Alister Bull, Matt Spetalnick)