14th Amendment about to get trashed?
(Politico) — President Barack Obama told congressional leaders that a deal must be in place on Friday, or lawmakers will have to make contingency plans to raise the national debt ceiling, a top Democratic negotiator said Thursday.
Senate Majority Whip Dick Durbin (D-Ill.) relayed Obama’s message to reporters Thursday, saying they will have to act fast on a Plan B if a deal doesn’t appear in place by tomorrow. Treasury has said the country will run out of money to pay all of its bills on Aug. 2.
“The president has expressed to the group that by Friday we have to get something done,” Durbin said Thursday. “And it’s realistic because if we’re going to extend the debt ceiling, it takes some time to not only write the bill but to have it scored and move forward.”
Asked if that meant that Congress must move to another option if a deal isn’t reached on Friday, Durbin said: “We will have no choice at that point but to turn to some other option.”
The White House confirmed Durbin’s comments.