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White House Rules Out 14th Amendment Option On Debt Ceiling

WASHINGTON -- As quickly as the so-called "constitutional option" appeared as a way to resolve the debt ceiling showdown, top White House officials have apparently closed that door.

During Thursday's talks between the president's team and congressional leadership, Treasury Secretary Tim Geithner reportedly revealed that he believed the administration did not have the constitutional authority under the 14th Amendment to simply ignore the debt ceiling and continue borrowing money.

From the very end of a New York Times report, comes the following nugget:

http://www.huffingtonpost.com/2011/07/07/white-house-rules-o...