Biden hesitant to use 14th Amendment to avoid debt default.

President Joe Biden said he has not yet decided to invoke the 14th Amendment to avoid the United States defaulting on its debts as early as June 1, but has not ruled out the option. The divided U.S. Congress is running out of time to raise the federal government's $31.4 trillion debt ceiling, with the Treasury Department warning it could be unable to pay its bills as soon as June 1. Biden and top Republicans and Democrats from the U.S. Congress will sit down on Tuesday next week to try to end the three-month standoff over the federal debt ceiling and avoid a crippling default before the end of the month.