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President-elect Donald Trump has called on Congress to raise or eliminate the debt ceiling. He said doing so before his term would put the onus on Joe Biden and let him avoid an early fight.
Trump also cited Democratic support for getting rid of the debt ceiling during a Wednesday call to eliminate the measure. “The Democrats have said they want to get rid of it.
President-elect Donald Trump confounded members of Congress and flipped the government spending debate on its head when he demanded a premature increase to the debt ceiling on “Biden’s watch ...
The roadblock for Trump is how closely the debt ceiling issue is likely to become intertwined with other issues on his early agenda, which range from border measures to energy policy to tax cuts ...
President-elect Trump put his support on Thursday behind Congress eliminating the debt ceiling as part of its efforts to fund the U.S. government.
The debt ceiling is routinely raised to accommodate repayment of the country’s debt. The last time it was raised was in 2021. The debt ceiling was suspended last June.
MORE: Trump threatens government shutdown unless debt limit demand met, blames Biden if it happens "It would be disastrous for the American economy, for global financial markets and for millions ...
If they want to get rid of it, I would lead the charge. It doesn’t mean anything, except psychologically,” Trump, 78, said of the debt ceiling, which controls how much the federal government ...