'We Don't Have a Plan B': Top Treasury Official Says Biden Won't Invoke 14th Amendment

's Anderson Cooper that while he doesn't think the 14th Amendment is a"wonderful solution" to the debt ceiling crisis, he sees it as preferable to allowing Republicans to tank the global economy in pursuit of massive cuts to aid programs.earlier this month that he was considering making use of his 14th Amendment powers to stop an economic catastrophe, he has questioned whether such a move would survive legal challenges.

With June 1 just six days away, White House negotiators and Republican lawmakers are discussing an agreement that would lift the debt ceiling for two years in exchange for two-year spending caps that would cut federal spending, impacting nutrition assistance, housing aid, and other key domestic programs.from recently approved funding for the Internal Revenue Service, a move that critics said would be a major gift to rich tax cheats.

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