White House: Constitution doesn't let president ignore debt cap

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White House: Constitution doesn't let president ignore debt cap #187944 Thu 03 Oct 2013 05:52:PM
Joined: Feb 2001 Posts: 678,976 Los Angeles, USA Webmaster OP Launch Director
OP Webmaster Launch Director Joined: Feb 2001 Posts: 678,976 Los Angeles, USA	WASHINGTON (Reuters) - The White House said on Thursday it does not believe the Constitution gives the president an escape hatch to avoid a U.S. debt default if Congress fails to increase the borrowing limit before it is exhausted in about two weeks. Source: White House: Constitution doesn't let president ignore debt cap David Cottle UBB Owner & Administrator