Using 14th Amendment to solve debt ceiling crisis is not a 'good option,' Yellen says
Janet Yellen also played down the possibility that invoking the 14th Amendment would solve the looming debt ceiling crisis Treasury Secretary Janet Yellen on Sunday put the onus on Congress to raise the nation's borrowing limit -- as the deadline for when the country will be unable to pay all of its bills approaches as soon as June 1. In an interview with ABC "This Week" anchor George Stephanopoulos, Yellen also played down the possibility that invoking the 14th Amendment would solve the looming crisis . Congressional Republicans maintain that the debt should be tied to a compromise on spending and the budget. President Joe Biden has said they are separate issues. "Since 1960, the debt ceiling has been raised 78 times, three times during the prior administration, always with bipartisan support. And it simply is unacceptable for Congress to threaten economic calamity for American households and the global financial system as the cost of raising the debt ceiling and...