U.S. Constitution debt option "not available": White House

WASHINGTON Tue Jul 26, 2011 1:39pm EDT

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WASHINGTON (Reuters) - The White House said on Tuesday that the 14th Amendment of the U.S. Constitution was "not available" to President Barack Obama to avoid the August 2 deadline to raise the U.S. debt ceiling.

"There are no easy ways out here. There are no tricks, there is no citing of the Constitution that suddenly allow us to borrow," White House press secretary Jay Carney told reporters. "It's not available."

(Reporting by Laura MacInnis and Alister Bull; Editing by Will Dunham)

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Comments (1)
SeaWa wrote:
If we default, I would like to see our congressional leaders prosecuted. This is an intentional act. Although it’s not constitutional for the Executive branch to unilaterally purchase debt perhaps it is unconstitutional for congress to avoid paying bills that are otherwise payable intentionally for political gain.

Jul 26, 2011 6:30pm EDT  --  Report as abuse
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