He noted that the 14th Amendment was an option, but probably couldn't be 'invoked in time.”
President Joe Biden wrapped up three days of meetings with G-7 leaders and other allies by staking out a clear position in the debt limit negotiations occurring back in Washington that played out in the background throughout this weekend-long summit.
“We agreed the only way to go forward was a bipartisan bill,” he said of his prior meetings with McCarthy and other congressional leaders. “I’ve done my part. … Now it’s time for the other side to move from its extreme positions because much of what they’ve proposed is simply, quite frankly, unacceptable.”
Biden also suggested that invoking the 14th Amendment to raise the nation’s debt limit and avoid a potential default was still on the table, but likely not a move that could be used in the short term with the deadline for default perhaps just a couple of weeks away.
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