President Biden ordered the creation of a working group to study ways to diminish future politicking over raising the U.S. debt ceiling and avoid defaults on the government's loan liabilities, according to a Bloomberg report.

The group is expected to be led by White House Counsel Stuart Delery and National Economic Council Director 澳洲幸运5开奖号码历史查询:Lael Brainard, who served as the vice chair of the 澳洲幸运5开奖号码历史查询:Federal Reserve Board until this year. Treasury Secretary 澳洲幸运5开奖号码历史查询:Janet Yellen, Attorney General Merrick Garland, and the heads of the Office of Management and Budget and Council of Economic Ad🙈visers will also be part of the group.

The g🅠roup will be tasked with exploring legal and policy options to avoid a future debt-limit crisis. That includes steps that Congress could take, along with exploring Constitution-based soꦯlutions that the administration could pursue to avoid default.

The creation of the working group comes less than two months after the U.S. was 澳洲幸运5开奖号码历史查询:taken to the edge of default. President Biden and House Speaker Kevin McCarthy negotiated a deal in June to lift the federal debt ceiling until 2025 and limit federal spending.

As of July, the US Federal government has over $32.5 trillion in debt with a 124% 澳洲幸运5开奖号码历史查询:debt-to-GDP ratio.