US President Joe Biden ruled out resorting to the Fourteenth Amendment to the Constitution to prevent the country from defaulting on its debts and break the impasse over the debt ceiling, which is still being negotiated by the Treasury. Treasury running out of funds This comes after some legal scholars and commentators confirmed that the US President could simply invoke these constitutional rules to allow the Treasury to ignore the debt limit.
White House Press Secretary Karen Jean-Pierre said yesterday, Tuesday, that appealing to the Fourteenth Amendment to the Constitution will not solve the current problem that Washington is now facing.
Jean-Pierre’s statements indicate that the president has now halted any plans to use constitutional mechanisms to resolve the debt crisis, and also ruled out a short-term extension of the debt ceiling to give Republicans and Democrats more time to negotiate, stressing that such a solution ” not on the table.
