Over the weekend, Biden said that the administration hasn’t ruled out invoking the amendment to avoid agreeing to terms demanded by Republicans for a vote to raise the debt ceiling, a legally dubious move that would surely face challenges in the courts. The president said Sunday that the White House is now looking into whether it has the authority to do so.“I think we have the authority.
Advocates of invoking the 14th Amendment claim the amendment itself renders the debt ceiling unconstitutional and gives Biden the power to override the GOP and compel the Treasury to continue issuing government bonds in order to make interest payments on the debt. “Well, ‘extraordinary measures’ is used in a different way, but there has been much discussion of the 14th Amendment,” she said, “and, as President Biden said, I believe, this morning, it doesn't seem like something that could be appropriately used in these circumstances, given the legal uncertainty around it, and given the tight time frame we’re on.”The Washington Examiner asked the White House for comment about the statements by Biden and Yellen but didn’t immediately receive a response.
Still, the bill is seen as a jumping-off point for negotiations between GOP leadership and the White House.
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