The debt talks between the Democrats and Republicans have hit a roadblock, and President Biden is now considering invoking the Constitution’s 14th Amendment to pay interest on America’s debt without Congress raising the debt ceiling. This move is being considered as a last resort, as the debt ceiling needs to be addressed by October 18, 2021, to avoid defaulting on the debt. Despite this, President Biden seems to be considering the option of invoking the 14th Amendment. In summary, while the debt talks are still stalled, there is a viable option to avoid defaulting on the debt without invoking the 14th Amendment. It remains to be seen whether President Biden will consider this alternative or choose to invoke the 14th Amendment.

Source: Wall Street Journal May 22, 2023 04:21 UTC