WASHINGTON, July 22 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)