White House rules out constitutional solution to debt crisis
DeeperDive is a beta AI feature. Refer to full articles for the facts.
US PRESIDENT Joe Biden is not currently planning to invoke the 14th Amendment to prevent a US debt default, the White House said on Tuesday, ruling out a constitutional solution to the current debt impasse.
Invoking the 14th Amendment to the constitution, which some legal scholars argue would let the US Treasury ignore the debt limit, “is not going to fix the current problem we have right now,” White House Press Secretary Karine Jean-Pierre told reporters. AFP
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services