Hoyer Backs Constitutional Solution To Default Crisis

House Minority Whip Steny Hoyer (D-MD) became the highest ranking current elected official yesterday to say that President Obama should invoke the 14th Amendment to invalidate the debt ceiling if Republicans continue to hold the nation’s economy hostage until it is too late. “Very frankly, if it came down to his looking default in the eye on Tuesday or taking this action, as President Clinton said, it would be better to take the action and find out later that perhaps he went beyond his authority but … protected the creditworthiness of the United States of America.”