![]() ![]() ![]() ![]() The Chamber cited a Thursday letter sent by Sanders, Warren and nine other Senate Democrats urging Biden to prepare to invoke the 14th Amendment. “Simply put, there is no alternative to reaching a bipartisan agreement to raise the statutory debt limit.” “The legal uncertainty around this debt combined with increased interest costs would impose significant and long-term costs on the economy similar to default,” Bradley wrote. Kevin Dietsch/Getty Imagesĭebt ceiling talks hit a snag, negotiators press pause for nowīradley argued that invoking the 14th Amendment would send Treasury rates spiking, lifting the cost of borrowing for families and businesses. Speaker of the House Kevin McCarthy talks to reporters at the U.S. ![]()
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