> Biden and McCarthy to meet for debt ceiling negotiations
Biden and McCarthy to meet for debt ceiling negotiations
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If the fight with Congress over raising the government's debt limit is such a dire threat, why doesn't President Joe Biden just raise the borrowing ceiling himself? It's theoretically possible, but he's all but ruled it out for now.
The administration has been searching for possible ways to allow the U.S. to keep borrowing if Congress can't come to an agreement. One potential option Biden and his advisers have been looking at: Would he have the power to go around lawmakers by relying on the Constitution's 14th Amendment in a last-ditch move to avert default?
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