Schumer: Obama May Not Need Congress To Avoid Default — But Congress Needs To Act | Talking Points Memo

On a conference call with reporters Friday, Sen. Chuck Schumer (D-NY) acknowledged that President Obama may not need Congressional authorization to avoid a default on the national debt. But he noted, too, that the Constitutional debate on this question isn’t ripe enough yet for Obama to take an end run around Congress, even if Republicans refuse to increase the national borrowing limit.

This is a companion discussion topic for the original entry at