This morning we speculated that Treasury Secretary Tim Geithner was seriously considering just ignoring the statutory debt limit by claiming it was superseded by section Four of the 14th amendment. Sen. Chuck Schumer, D-N.Y., confirmed that that course of action has been considered by the White House. Talking Points Memo‘s Brian Beutler reports on a conference call with Schumer today:
Read more at the Washington Examiner: http://washingtonexaminer.com/blogs/beltway-confidential/2011/07/schumer-confirms-white-house-considering-ignoring-debt-limit#ixzz1RLKX0yFr
Read more at the Washington Examiner: http://washingtonexaminer.com/blogs/beltway-confidential/2011/07/schumer-confirms-white-house-considering-ignoring-debt-limit#ixzz1RLKX0yFr
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