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.
"I've not gotten there yet," Biden said in an interview with MSNBC when asked about the possibility of invoking the amendment.
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.that Biden could invoke this amendment to raise the debt ceiling on his own if Congress does not act.
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