Biden: U.S. won’t completely remove debt ceiling

News on May 29, on May 28 local time, US President Biden said in response to a reporter’s question that the US will not completely cancel the debt ceiling. The statement came after he announced that he had reached a final agreement with House Speaker McCarthy on raising the debt ceiling. When asked by a reporter if he thought the U.S. should remove the debt ceiling altogether, Biden replied: “No, I think removing the debt ceiling will be more controversial.” But Biden added that he would study “in the next year or two Whether the 14th Amendment needs to be used during the year to determine whether the debt ceiling needs to be established every year.”