The U.S. Treasury Department building in Washington, D.C., on Aug. 22, 2013. The department is considering extending the tax-filing deadline beyond April 15 because of disruption from the coronavirus. (Chuck Myers/TNS) Reading Time: 6 minutes
WASHINGTON — Call it the “in case of emergency, break glass” option: The president invokes the Civil War-era 14th Amendment to the Constitution to ignore the statutory debt limit and continue to borrow if lawmakers can’t agree to give the Treasury Department more borrowing room.
With lawmakers and the White House careening toward the diciest debt limit confrontation since the Obama administration-GOP battles of 2011 and […]
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