And again, we’re the reserve currency of the world. "Somebody could challenge the legitimacy of the action. It was not meant to be a broad grant of power," Lew said. I think you got to go back to the history. It was written to pay Union debts and to treat Confederate debts not as Union debts.
"The debate over the 14th Amendment has gone on, you know, for a number of years. Former White House spokesman Jay Carney, in late 2012, said the administration “does not believe that the 14th Amendment gives the President the power to ignore the debt ceiling - period.” Obama, in early 2013, took it off the table. Ultimately, the Obama administration ruled the 14th Amendment out. In 2011, the office wrote that four relevant OLC documents were “protected by the deliberative process, the attorney client, and the presidential communications privileges.” In 2013, OLC said, there were five documents, also “protected by the deliberative process, attorney-client, and presidential communications privileges" and none were "appropriate for discretionary release.” A public list of OLC opinions includes a redacted entry from 2011 and a number of redacted entries from both 20.Ī spokeswoman for OLC declined to comment Tuesday. Responding to Freedom of Information Act requests - in 2011 and again in 2013 - OLC declined to make its written opinions on the 14th Amendment question public. The still-secret views of an office that doles out legal advice to the executive branch may take on new relevance as President Joe Biden's administration faces another debt ceiling showdown.
But the office's opinions on the matter never became public.
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