The United States has never prioritized or failed to pay any obligation when due during a debt limit impasse. Despite the institutional risks and the lack of clear legal authority, we assume that Treasury will attempt to prioritize payments in a last-ditch effort to avoid default.
Copy QuoteI busted a mirror and got seven years bad luck, but my lawyer thinks he can get me five.
Copy Quote View & ShareIt is not what a lawyer tells me I may do; but what humanity, reason, and justice tell me I ought to do.
Copy Quote View & ShareOne of the things I was taught in law school is that I'd never be able to think the same again - that being a lawyer is something that's part of who I am as an individual now.
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