Debt limit law faces potential suspension as unconstitutional.

A federal judge will hear arguments on May 31 about whether the debt limit law is unconstitutional and should be suspended. The National Association of Government Employees (NAGE) sued over the law, arguing it presents separation-of-powers issues. If the limit is reached, NAGE contends Biden would be forced to take over Congress’s spending authority by deciding which payments to prioritize over others. The hearing will come hours ahead of when the Biden administration warns the federal government could run out of funds to pay its obligations.