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White House rules out constitutional solution to debt crisis

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President Biden is not planning to invoke the 14th Amendment to prevent a US debt default, the White House said Tuesday, ruling out a constitutional solution to the current debt impasse.
Biden and the Republican Speaker of the House of Representatives Kevin McCarthy have held three rounds of face-to-face talks to try and reach a deal to lift the current borrowing limit so the US can meet its existing spending commitments.

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