Biden says he’s exploring 14th Amendment to defuse debt ceiling standoff

But he cast some doubt on whether it could work, saying it would “have to be litigated and in the meantime without an extension it’d still end up in the same place.” The president said he would look at the issue of invalidating the debt ceiling through the 14th Amendment “months down the road.” The amendment states that the public debt of the United States “shall not be questioned.”
Biden also refused to rule out a short-term debt limit increase. [ Source: Politico (Read More…) ]
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