Biden takes controversial debt crisis solution backed by Democrats off the table

By Jack Birle

Published May 26, 2023 5:52pm ET

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Biden takes controversial debt crisis solution backed by Democrats off the table — Deputy Treasury Secretary Wally Adeyemo said the Biden administration has ruled out attempting to use the 14th Amendment to prevent the United States from defaulting on its debt obligations as the deadline for raising the debt ceiling rapidly approaches. Adeyemo said, “The 14th Amendment can’t solve our challenges now,” and reiterated that Congress is what […]

Deputy Treasury Secretary Wally Adeyemo said the Biden administration has ruled out attempting to use the 14th Amendment to prevent the United States from defaulting on its debt obligations as the deadline for raising the debt ceiling rapidly approaches.

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Tag:

14th Amendment Debt Ceiling Janet Yellen Joe Biden