Biden's Message: Progressives, Don't Bank on the 14th Amendment

Progressives have called for President Joe Biden to use the 14th Amendment to bypass Congress and avert a default on U.S. debt.The White House has issued a statement indicating it sees no reason to pull the plug on talks.Senior Biden officials have told progressive activists and lawmakers that they do not see the 14th Amendment as a viable means of circumventing debt ceiling negotiations.The White House has studied the issue for months, with some aides concluding that Biden would likely have the authority to declare the debt limit unconstitutional as a last-ditch way to sidestep default.The debate over the use of the 14th Amendment to bypass Congress in the face of a potential default on U.S. debt has been reignited, with progressive lawmakers calling for President Joe Biden to leverage it as an option to avoid defaulting on payments. The White House, however, is firm in its stance that such a maneuver would be ill-advised and could spell disaster for the country's economic health and global standing.

Progressives have urged President Biden to use the 14th Amendment as a means to bypass Congress and avert a default on US debt, while White House officials insist that such action would not only be risky but also destabilizing in more ways than one. It has been argued by senior Biden officials that doing so would trigger a pitched legal battle, undermine global faith in U.S. creditworthiness and damage the economy - all of which should be avoided at all costs.

The administration has studied this issue for months now, with some aides concluding that Biden would likely have the authority to declare the debt limit unconstitutional as a last-ditch way to sidestep default due to his executive powers under Article II of the Constitution. Nevertheless, it remains an unpopular option among White House advisers who worry about triggering yet another legal dispute or worse - seeing global faith in U.S creditworthiness damaged or giving even more power to congressional Republicans during delicate negotiations surrounding this issue.

Even with these warnings from White House advisors, they have not ruled out using this route if talks continue to fail and tensions rise further down the line. Despite this however, currently it is not part of their plan given how precarious their current situation is without it being part of their strategy - making any further progress towards averting default much more difficult than before.The Biden administration's position on the 14th Amendment has been consistent since talks of a potential amendment began. Their stance is that it is not an appropriate or viable solution, and that any attempt to use it would be destabilizing to the US economy and global faith in US creditworthiness. This opinion has been echoed by some within the White House who have studied the issue in depth, concluding that while Biden may have authority to declare the debt limit unconstitutional if absolutely necessary, it remains an undesirable option overall.

Given this outlook, White House officials are actively discouraging any talk of using the 14th Amendment as a way out of defaulting on U.S. debt. They are instead pushing for alternative solutions through negotiations with Congress in order to preserve current talks and avert any further financial risks from arising. It is clear that those who wish to sidestep difficult conversations with Congress should not pin their hopes on the 14th Amendment; instead they ought to look elsewhere for solutions more likely to bring success.In addition, investors may become wary of investing in U.S government bonds due to the uncertainty of a potential default, which would further compromise the nation's creditworthiness. The resulting higher borrowing costs would make it harder for businesses to borrow money and access capital, hurting economic growth and putting an even greater strain on taxpayers who are already struggling during these difficult times.