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In New York, a cohort of debt-relief activists and US state politicians are pushing for a more-permanent solution: a law that would overhaul the process of restructuring sovereign debt.
there are limits to what presidents can do and just like harry truman did in that case, joe biden has far exceeded his power here. it is only a matter of time before the court acknowledges that. bill: the threat from the white house is you pay a $14,000 fine i think for each offense, which would suggest that every employee is in violation it s 14,000. do you believe today that any american pays that fine, senator? i think it is very unlikely that any american ends up having to pay that fine after it has been litigated. the sad thing is and what worries me is that as that risk mounts, they can t tell for sure what the supreme court will do or when it might do it. so i think most businesses will end up paying that almost as a form of extortion and that s where due process is lost. exactly why i think some companies will challenge it and i think the supreme court will review it and will conclude that president biden exceeded his authority.