The Looming 14/4 Crisis

It appears likely that Democrats will control at least part of Congress next year. It is also likely that we will hit the debt ceiling again during the next Congress. What will happen then?There is a lively discussion about whether the President has some power to prevent a debt default under Section 4 of the Fourteenth Amendment. No President has ever tested that theory. But this President might. It would just be another in a long series of unilateral executive actions to deal with an emergency. If he does, there is almost no precedent to guide the courts or the financial markets.I've written about 14/4 before when the issue was discussed during the Obama and Biden Administrations. My position will be the same under this Administration. The upshot, however, is that people better start taking a hard look at this question now before a showdown occurs.