Detailed text transcripts for TV channel - MSNBC - 20130114:14:18:00
Latest updates on this topic from reliable sources.
Stay updated with breaking news from 14th Amendment Option. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Latest updates on this topic from reliable sources.
Incentive to negotiate. >> i think in terms of republican leverage, i'm referring to specifically if the republicans decide to play games with the debt ceiling again, the work around out there for the white house and ignore this, to invoke the 14th amendment to the constitution and basically say we'll keep on like nothing happened here but the white house ruled that out. they said we won't take the 14th amendment option. and it seems to me that that leaves them with -- open to the exact same kind of blackmail we saw in 2011. >> i think it may leave them open to that blackmail if they don't get...
Latest updates on this topic from reliable sources.
Feels that president would be obligated to sign it. what's the president going to do? not sign an extension? let the economy default? that's not a very good option. joining us now live from capitol hill, house minority whip steny hoyer of maryland. congressman, great to have you with us tonight. it has been a whirlwind of news. i'll just ask you straight up, what can you tell us at this hour? where are we? >> i think what we're seeing, ed, is a stark example of why we could not no matter what we did come to a compromise with the republicans. their leader wanted to do that. but the party of no ...
14th amendment for the president? i don't mean to put the cart before the horse, but there have been a number of democrats who spoken on record saying that they believe that that is an option. we'll talk more about that later in the show. but one so visible, your colleague on the leadership team, jim claiborne. is this a possibility in your opinion? is the president maybe in a position asking the american people make me do it? what do you think? >> i think that certainly it's arguably in his power to do so under the fourth section of the 14th amendment. >> you would suggest that now? >> i woul...