Biden Not Ready Yet to Invoke 14th Amendment to Avoid US Default
- President says ‘I’ve not gotten there yet,’ keeping door open
- Economists split on gambit which would likely spur legal fight
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President Joe Biden said he was not yet prepared to invoke the 14th Amendment to avert a breach of the debt ceiling, but did not rule out the possible executive action ahead of a meeting next week with House Speaker Kevin McCarthy.
“I’ve not gotten there yet,” Biden said when asked about the possibility in an interview Friday with MSNBC.