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Deputy Treasury secretary rules out possibility of using 14th Amendment to raise debt ceiling

Posted on AllSides May 26th, 2023
From The Left

Invoking the 14th Amendment to lift the borrowing cap on the US debt ceiling as a way to work around slow-moving negotiations is not an option, Deputy Treasury Secretary Wally Adeyemo told CNN Friday, the administration’s most definitive response yet to an unlikely option demanded by some progressives.

“The question was whether the United States would use the 14th Amendment and I think the president and (Treasury Secretary Janet Yellen) have been very clear that that will not solve our problems now. So, yes, that is a no,” Adeyemo said when asked about...

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https://www.cnn.com/2023/05/26/politics/debt-ceiling-14th-amendment-treasury/index.html

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