Treasury Secretary Janet L. Yellen on Thursday downplayed the likelihood that President Biden may basically ignore the debt restrict by invoking the 14th Modification, calling the thought “legally questionable.”
Her feedback come as lawmakers and the Biden administration stay locked in a standoff over whether or not and the best way to increase the debt ceiling, which caps how a lot cash the federal authorities can borrow. Ms. Yellen warned lawmakers final week that the US may run out of cash to…
