Beltway Confidential

The 14th Amendment ‘option’ is tantamount to a debt default, which Biden cannot afford

By Tiana Lowe Doescher

Published May 19, 2023 2:55pm ET

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The 14th Amendment ‘option’ is tantamount to a debt default, which Biden cannot afford — Just four months ago, Speaker Kevin McCarthy (R-CA) faced such a fractured caucus that he required a whopping 15 votes, the longest contest since before the Civil War, to win the House speakership, while Democrats feted President Joe Biden as the first president in history to defend every single incumbent Senate seat up for reelection. […]

Just four months ago, Speaker Kevin McCarthy (R-CA) faced such a fractured caucus that he required a whopping 15 votes, the longest contest since before the Civil War, to win the House speakership, while Democrats feted President Joe Biden as the first president in history to defend every single incumbent Senate seat up for reelection.

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Debt Ceiling Janet Yellen Joe Biden Kevin McCarthy