I’ll very much believe it when I see it. But there has been an escalating chorus on the Dem side over the course of the day that if there’s no agreement reached, President Obama should invoke authority under the 14th Amendment to continue paying the federal government’s obligation after August 2nd.
I do not think it’s at all likely to come to fruition. But in such a volatile climate as we’re likely to see over the next 48 hours, all developments are worth noting.
Josh Marshall is editor and publisher of TalkingPointsMemo.com.