Debt Ceiling Standoff: Biden's Bipartisan Efforts and the 14th Amendment Solution

President Biden sought to sway moderate Republicans in debt limit negotiations, accusing Speaker Kevin McCarthy of pursuing a radical strategy at the behest of the “extreme” wing of his party loyal to former President Donald J. Trump, putting the country in economic jeopardy in a way that he said reasonable Republicans of his own era in the Senate would not have done. The federal government has reached the $31.4 trillion debt ceiling set by law and the Treasury Department estimates that it will run out of ways to avoid default as soon as June 1.