The debt ceiling is a cancer on the body politic. Biden said he wanted to resolve the issue regarding the Fourteenth Amendment after the agreement was reached, but nothing has been done since then. It doesn’t appear to be a priority. Why?
For two reasons. First of all, in the absence of a crisis, he would be asking for an advisory opinion, which isn’t permitted under our constitutional jurisprudence. Second, it is highly unlikely that the GOP will press the issue in January, 2025, because they will have no reason to do so if Trump is president, and little incentive to challenge Biden immediately after he wins an election.
Unfortunately, things will be different in 2026 and 2027. Don’t be surprised if we go through the same trauma before the 2028 election.