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Lawsuit: Yellen should ignore ‘unconstitutional’ debt limit

KIFI

By CHRISTOPHER RUGABER and FATIMA HUSSEIN
Associated Press Writers

WASHINGTON (AP) — A union of government employees has  sued Treasury Secretary Janet Yellen and President Joe Biden to try to stop them from complying with the law that limits the government’s total debt, which the lawsuit contends is unconstitutional. The lawsuit comes just weeks before the government could default on the federal debt if Congress fails to raise the borrowing limit. Financial markets have become increasingly nervous about the potential for default, with economists warning that a failure to raise the debt limit could trigger a global financial crisis. On Tuesday, Biden will meet with the top Republicans and Democrats in Congress to seek a potential breakthrough. The two sides remain far apart..

Article Topic Follows: AP National

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