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WASHINGTON -President Biden shouldn’t be planning to invoke the 14th Modification to forestall a US debt default, the White Home mentioned Tuesday, ruling out a constitutional answer to the present debt deadlock.
Biden and the Republican Speaker of the Home of Representatives Kevin McCarthy have held three rounds of face-to-face talks to try to attain a deal to elevate the present borrowing restrict so the US can meet its present spending commitments.
Invoking the 14th Modification to the structure, which some authorized students have argued would enable the US Treasury to easily ignore the debt restrict, “shouldn’t be going to repair the present drawback we’ve got proper now,” White Home Press Secretary Karine Jean-Pierre advised reporters.
What’s the 14th Modification and may it assist avert a debt disaster?
Biden beforehand mentioned he was wanting into whether or not he may invoke the 14th Modification, however was involved of the financial harm that would happen whereas any authorized challenges performed out.
The remarks from Jean-Pierre counsel he has parked any plans he could have had to make use of a constitutional mechanism to resolve the debt disaster.
Jean-Pierre additionally appeared to rule out a short-term extension to the debt ceiling to permit Biden and McCarthy’s groups extra time to barter, telling reporters such an answer is “not on the desk.”
Biden, McCarthy assembly ends with no deal on debt ceiling
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