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. The Fifth Amendment, however, applies only against the federal government.With negotiations over the debt ceiling stalling, some lawmakers are pushing President Biden to invoke the 14th Amendment. The House and Senate have passed a bill to raise the debt ceiling until 2025. The President will sign the bipartisan measure. Does the president have authority to borrow beyond the statutory debt limit? With negotiations over the debt ceiling stalling, some lawmakers are pushing President Biden to invoke the 14th Amendment. Some Senate Democrats are circulating a letter urging President Joe Biden to prepare to invoke the 14th Amendment to lift the debt ceiling. 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. The government could run out of money to pay its bills as soon as June 1.