http://onpoint.wbur.org/2013/01/07/the-constitution-and-the-debt-ceiling
Like it or not, we’re about to have another donnybrook, another battle royal, over the fiscal life of this country. Call it the debt ceiling cliff, or whatever you like. Within weeks, the Treasury Department will be unable to borrow or spend to fulfill American obligations.
Congressional Republicans say that means the power is now theirs, to demand spending cuts. The president says he won’t negotiate or be held hostage. What does the constitution say?
This hour, On Point: before the storm, we’re looking at the law, the constitution and the American debt ceiling.
-Tom Ashbrook