Yellen Says No Good Alternative to Congress Lifting Debt Cap
- Use of 14th amendment would provoke constitutional crisis
- Says Biden can’t avoid financial catastrophe without Congress
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Treasury Secretary Janet Yellen said there are “simply no good options” for solving the debt limit stalemate in Washington other than Congress lifting the cap and cautioned that resorting to the 14th Amendment would provoke a constitutional crisis.
“We should not get to the point where we need to consider whether the president can go on issuing debt” without Congress lifting the debt ceiling, Yellen said Sunday on ABC’s “This Week.”