“I’m looking at the 14th Amendment as to whether or not we have the authority — I think we have the authority,” Biden told reporters at a press conference in Hiroshima, Japan. “The question is, could it be done and invoked in time that it would not be appealed, and as a consequence past the date in question and still default on the debt. That is a question that I think is unresolved.”
Biden added that all four congressional leaders said in a recent White House meeting that they agreed the nation would not default, signaling that he hoped talk of the 14th Amendment would ultimately not be necessary.
“So I’m assuming that we mean what we say and we’ll figure out a way to not have to default,” Biden said.
I would personally add to that: never assume what a lunatic will say or do.
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