Treasury Official: Biden Won’t Use 14th Amendment

The Deputy Secretary of the Treasury said President Joe Biden will not invoke the 14th Amendment to raise the debt ceiling.

“I think the president and secretary [Treasury Secretary Janet Yellen] have been very clear that that will not solve our problems now. So, yes, that is a no,” Deputy Treasury Secretary Wally Adeyemo told CNN on Friday.

White House officials and congressional Republicans aim to put the final touches on a deal to raise the U.S. government’s $31.4 trillion debt ceiling for two years while capping spending on everything but military and veterans, according to a U.S. official.

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