Biden will not invoke 14th Amendment on the debt ceiling, deputy Treasury secretary says


Adeyemo’s remarks are the most concrete indication yet that Biden does not plan to use the amendment to solve the nation’s debt ceiling issue. The U.S. risks economic calamity if a debt deal isn’t reached.

“The 14th Amendment can’t solve our challenges now. Ultimately, the only thing that can do that is Congress doing what it’s done 78 other times — raising the debt limit,” the deputy treasury secretary said. “We don’t have a plan B that allows us to meet the commitments that we’ve made to our creditors, to our seniors, to our veterans, to the American people.”