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.
Read more at Newsmax© 2023 Newsmax. All rights reserved.