The White House's Concerns Over the Debt Ceiling Crisis.

The White House is considering brokering a short-term extension of the debt ceiling to allow more time to pass a larger increase, as the current deadline in June approaches. While the Biden administration prefers a long-term deal, aides are discussing fallback options, including invoking the 14th Amendment, to avert an economic catastrophe if a resolution remains out of reach. A short-term extension could provide several months for the parties to negotiate a more fulsome spending deal and coincide with the September 30 deadline to agree on the following year’s government funding. The White House remains committed publicly to its position pushing for a long-term solution and remains open to a two-track process to negotiate spending separately from the debt ceiling.