Senate Democrats urged President Joe Biden to invoke the 14th Amendment to avoid a financial collapse if negotiations with Republicans fail in a Thursday letter.
The 11 members, led by independent Bernie Sanders, who caucuses with Democrats, praised Biden’s efforts to seek a bipartisan debt ceiling deal. Republicans “not acting in good faith.”
“We write to urgently request that you prepare to exercise your authority under the 14th Amendment of the Constitution, which clearly states: ‘the validity of the public debt of the United States…shall not be questioned,'” they wrote Biden, a fellow Democrat.
“Using this authority would allow the United States to continue paying its bills on-time, without delay, preventing a global catastrophe,” they said.
At the G7 Summit in Japan this week, Biden is negotiating with House of Representatives Speaker Kevin McCarthy ahead of June 1, when the U.S. Treasury has warned the government could run out of money if the debt ceiling is not raised.
Congress raises the federal borrowing limit to authorize spending.
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