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If he declares a National Emergency, won't he be opening himself up to "Why the fuck did you let 800,000+ people suffer, when you could have pulled this (probably illegal) stunt back in December?"
Probably told to let it play out a little longer to add a degree of legitimacy to it, that is, make sure congress is at an impasse.
I don't see this going to a second pay period (01/25) but please, don't mark my words.