However, he implied that the process of litigation may take too long to make a difference.
“I have been considering the 14th Amendment,” he told reporters from the Roosevelt Room. He said a man he has “enormous respect for,” Larry Tribe, “thinks that it would be legitimate, but the problem is it would have to be litigated.”
Tribe is a legal scholar who is a professor emeritus at Harvard Law. This week he published an opinion piece in the New York Times headlined: Why I Changed My Mind on the Debt Limit."
“I don’t think that solves our problem now,” Biden said, adding he may reexamine in the long run.
“I'll be very blunt with you, when we get by this, I'm thinking about taking a look at, months down the road, as to see whether what the court would say about whether or not it does work,” Biden said.
The president was also asked about other concepts such as minting a trillion-dollar coin. He responded: “I don’t think anybody has studied the minting of the coin issue.”
More context: While the 14th Amendment is a theoretical workaround, experts have said the president unilaterally issuing debt without a ceiling increase would prompt a constitutional crisis and create severe uncertainty leading to an economic and financial crisis regardless. Previous administrations have deemed such a move as unworkable.
“There is no way to protect our financial system and our economy other than Congress doing its job and raising the debt ceiling,” Treasury Secretary Janet Yellen said.
Deputy Treasury Secretary Wally Adeyemo also tamped down the feasibility of using the 14th Amendment when asked about it Sunday, saying the only way to “guarantee” that the US can pay its bills is to raise the debt ceiling.
CNN's Sam Fossum contributed to this post.