WASHINGTON (Reuters) – A group of U.S. Senate Democrats called on President Joe Biden to prepare to invoke the Fourteenth Amendment to the Constitution to prevent debt default if talks with Republicans fail, according to a letter published on Thursday.
Led by independent Bernie Sanders, who is part of the Democratic caucus, 11 lawmakers said that while they applauded Biden’s efforts to reach a bipartisan deal to raise the debt ceiling, Republicans in Congress “are not acting in good faith.” Are”.
“We are writing to urgently request that you be prepared to exercise your right under the 14th Amendment to the Constitution, which clearly states: ‘The validity of the public debt of the United States (…) will not be questioned,” the letter to Democratic Pres.
“Using this authorization will allow the United States to continue paying its bills on time without delay, thereby preventing a global catastrophe,” he said.
Biden continued talks with House Speaker Kevin McCarthy during his trip to the G7 summit in Japan this week ahead of June 1, when the US Treasury said the government could start running out of money to meet your payments .
The periodic lifting of the federal government’s indebtedness limit allows it to pay for expenses that Congress has already authorized.