Biden may use Constitutional Amendment to bypass GOP talks.

Jack DavisMay 22, 2023

President Biden Considers Invoking 14th Amendment to Raise Debt Ceiling

President Joe Biden has suggested that he may raise the nation’s debt ceiling without the need for a deal with Congress. Speaking at a news conference in Japan, Biden said he was considering invoking the 14th Amendment, which states that America’s public debt “shall not be questioned.” However, he also acknowledged that doing so could be risky and may not be possible in time to avoid defaulting on the debt.

Biden Takes Both Collegial and Confrontational Tone

Biden struck a conciliatory tone, saying he was encouraged that congressional leaders wanted to negotiate a deal to raise the debt ceiling and avoid default. However, he also criticized Republicans, saying he couldn’t guarantee they wouldn’t force a default by doing something “outrageous.” He also accused the GOP of being the barrier to an agreement, saying much of what they proposed was “unacceptable.”

Expert Warns of Potential Economic Damage

David Kamin, a past deputy director of the White House National Economic Council in the Biden administration, warned that raising the debt ceiling without congressional approval could have significant economic consequences. He said that the only way to avoid economic damage with confidence was for Congress to act, as they have in the past.

Conclusion

The debate over raising the debt ceiling continues, with Biden considering invoking the 14th Amendment to circumvent negotiations with Republicans. While this move could be risky, Biden believes he has the authority to do so. However, experts warn of potential economic damage, and Congress may ultimately need to act to avoid default.