US Chamber of Commerce argues invoking 14th Amendment would be as 'economically calamitous' as a default | CNN Business

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The US Chamber of Commerce is strongly pushing back against efforts from Sens. Bernie Sanders, Elizabeth Warren and other progressives to urge the White House to use the 14th Amendment to avoid a disastrous default

The Chamber, a pro-business trade group that often supports Republicans, sent President Joe Biden a letter on Friday warning of economic, financial and legal turmoil should the administration attempt to take this controversial route to address the debt ceiling.

” The Chamber cited a Thursday letter sent by Sanders, Warren and nine other Senate Democrats urging Biden to prepare to invoke the 14th Amendment. “We write to urgently request that you prepare to exercise your authority under the 14th Amendment of the Constitution, which clearly states: ‘the validity of the public debt of the United States…shall not be questioned,’” the Democrats wrote.

 

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