President Biden said on he was not yet ready to invoke the 14th Amendment to avoid the United States defaulting on its debts: 'I've not gotten there yet.'
WASHINGTON - President Joe Biden said on Friday he was not yet ready to invoke the 14th Amendment to avoid the United States defaulting on its debts as early as June 1, comments which for the first time suggested he has not ruled out the option.
The divided U.S. Congress is running out of time to raise the federal government's $31.4 trillion debt ceiling, with the Treasury Department warning it could be unable to pay its bills as soon as June 1. Section Four of the amendment, adopted after the 1861-1865 Civil War, states that the "validity of the public debt of the United States ... shall not be questioned." But the clause has been largely unaddressed by the courts.
White House and other administration officials have examined the possibility but many have dismissed it as a last ditch solution unlikely to survive a court challenge, according to a person briefed on those discussions.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Biden says not yet ready to invoke 14th Amendment to avoid debt defaultPresident Joe Biden said on Friday he was not yet ready to invoke the 14th Amendment to avoid the United States defaulting on its debts as early as June 1, comments which for the first time suggested he has not ruled out the option.
Les mer »
President Biden Backs Son Hunter Biden During Federal Tax, Gun ProbePresident Joe Biden said he is supporting his son as federal prosecutors decide whether to charge Hunter Biden with felony and misdemeanor counts related to tax evasion and gun crimes: “My son has done nothing wrong.'
Les mer »
Aging in place: Biden's senior status hovers over president's final campaign.POTUS Joe Biden has already made history as the oldest presidentin US history. When Biden started his career in Washington in 1973 as a Democratic senator from Delaware, more than 130 current House members and 10 senators had not been born yet.
Les mer »
President Biden and VP Harris Hit Up Taqueria Habanero for Cinco De MayoThe takeout order from the Northeast DC location included an assortment of tacos and churros.
Les mer »
Why Jill Biden Is Attending the Coronation Instead of the PresidentNo American President has ever attended a coronation of a British Monarch. In keeping with that precedent, Joe Biden won’t be at the crowning of King Charles III. Why Jill Biden is attending the coronation instead of the President:
Les mer »