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U.S. President Joe Biden asked a group of aides to explore "all legal and policy options" to prevent another debt limit standoff, the White House said on Thursday. Last month, the Democratic president signed a bipartisan deal after excruciating negotiations with Republican House Speaker Kevin McCarthy that narrowly averted a crisis that threatened to send the United States into an unprecedented default and economic crisis. A new group led by White House counsel Stuart Delery and National Economic Council Lael Brainard will examine, among other potential changes, actions Congress could take to make default risk "a thing of the past," according to the statement.

United statesWhite houseDistrict of columbiaKevin mccarthyStephen coatesTrevor hunnicuttLeslie adlerJared bernsteinStuart deleryJanet yellenShalanda youngJoe bidenNational economic council lael brainardMorgan stanleyCouncil of economic advisersCongressional budget office