The president says he is willing to discuss possible deficit savings, but without the threat of the federal government being unable to pay its bills. That vote does not pledge any additional spending.The California Debt and Investment Advisory Commission (CDIAC) provides information, education, and technical assistance on debt issuance and public. Speaker Kevin McCarthy (RCA) is threatening to force the United States to default on its debts unless President Joe Biden agrees to draconian spending cuts. With negotiations over the debt ceiling stalling, some lawmakers are pushing President Biden to invoke the 14th Amendment. The measure would cut back an expansion of the IRS and approve permits for a gas pipeline in West Virginia. The measure would cut back an expansion of the IRS and approve permits for a gas pipeline in West Virginia. Some Senate Democrats are circulating a letter urging President Joe Biden to prepare to invoke the 14th Amendment to lift the debt ceiling. The Fourteenth Amendment (Amendment XIV) to the United States Constitution was adopted on July 9, 1868, as one of the Reconstruction Amendments.