Exploring Options to Avoid Debt Default: Biden's Debt Ceiling Negotiations.

Senate Democrats are open to President Biden borrowing money above the debt ceiling and using the 14th Amendment to the Constitution to justify the move. Biden had considered invoking the 14th Amendment to avoid a potential debt crisis if a deal isn't struck to raise the debt ceiling by June 1. Several Democrats are suggesting that language could be seen as authorizing Biden to borrow more even if Congress hasn't explicitly authorized more borrowing. Republicans are calling for a debt limit increase paired with cutbacks that include slashing fiscal 2024 spending to 2022 levels.