Yellen: 'No good options' if Congress fails to act on debt


President Biden is set to meet with Republican leaders tomorrow to discuss the nation's debt ceiling, while members of his administration warn against a default. Treasury secretary Janet Yellen says her office is already taking emergency steps to try to keep the government from running out of cash too quickly. Economic chaos would ensue. But projects it could happen as early as June 1st, on ABC's this week with George Stephanopoulos, Yellen was asked if President Biden could invoke the Fourteenth Amendment, which would bypass Congress. We should not get to the point where we need to consider whether the president can go on. Issuing debt, this would be a constitutional crisis. Republican senator James lankford says The White House is wrong to demand that the debt ceiling negotiations be separated from spending cuts. It forces a moment to be able to talk about debt and deficit and to say where are we going on this? I'm Jackie Quinn

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