As Republicans Demand Major Cuts to Hurt Working Americans, 11 Senate Democrats Urge President Biden to Prepare to Invoke the 14th Amendment to Avoid Default

Sen. Bernard Sanders - Sen. Bernard Sanders (https://www.sanders.senate.gov/about-bernie/)
Sen. Bernard Sanders - Sen. Bernard Sanders (https://www.sanders.senate.gov/about-bernie/)
0Comments

WASHINGTON, May 18 – As Congressional Republicans demand major cuts that would cause incalculable damage to the lives of working Americans, 11 Senate Democrats sent a letter on Thursday to President Joe Biden urging his administration to prepare to invoke the 14th Amendment to avoid a catastrophic debt default. Sens. Bernie Sanders (I-Vt.), Ed Markey (D-Mass.), Jeff Merkley (D-Ore.), Tina Smith (D-Minn.), and Elizabeth Warren (D-Mass.) led the letter and were joined by their colleagues Sens. Richard Blumenthal (D-Conn.), John Fetterman (D-Pa.), Mazie Hirono (D-Hawaii), Jack Reed (D-R.I.), Peter Welch (D-Vt.), and Sheldon Whitehouse (D-R.I.)

“Republicans’ unwillingness to consider one penny in new revenue from the wealthy and large corporations, along with their diminishment of the disastrous consequences of default have made it seemingly impossible to enact a bipartisan budget deal at this time,” the senators wrote. “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.’”

To read the letter, see here.

Original source can be found here.



Related

Kimberly M. Jackson VA Chief of Staff - https://department.va.gov

Vermont ranks 52nd in total VA home loans during Q4 2024

Vermont ranked 52nd in the nation in VA home loans in the fourth quarter of 2024, with 102 loans issued, according to the Veterans’ Affairs Home Loans Index.

Tanya Bradshe Deputy Secretary of Veterans Affairs - https://department.va.gov

Vermont ranked 25th in average VA home loan amount in Q4 2024

With $366,062 in home loans issued, Vermont ranked 25th in average loan amount for VA home loans in the fourth quarter of fiscal year 2024, according to the Veterans’ Affairs Home Loans Index.

Kimberly M. Jackson VA Chief of Staff - https://department.va.gov

Number of VA loans issued in Vermont decreased by 10.5% from Q4 2023 to Q4 2024

The U.S. Department of Veterans Affairs (VA) issued 102 home loans in Vermont, totaling $37.3 million, during the fourth quarter of the fiscal year 2024, according to figures provided by the Veterans Affairs Home Loans Index.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Green Mountain Times.