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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.
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 ...
Trump's call to get rid of the debt ceiling isn't the first time the idea has been floated in Washington. In fact, some Democrats have supported getting rid of it recently.
President-elect Trump wants congressional Republicans to figure out a way to avoid a default on the national debt after venting his frustration with the Senate GOP over their failure to raise the ...
But Trump's call to suspend limits on borrowing -- at a time the federal government's debt exceeds $36 trillion -- runs against long-voiced Republican concerns about fiscal profligacy in Washington.
Despite Trump's suggestion, economic experts have said they agree that breaching the debt ceiling would certainly lead to economic chaos. PHOTO: The U.S Capitol is seen on Capitol Hill in ...
The new president and congressional leaders are meeting Tuesday to hash out a strategy for maintaining US creditworthiness and the government's ability to service $36 trillion in debt. Trump is ...
(The Center Square) – House Speaker Mike Johnson, R-La., is scrambling to concoct a new stopgap plan with members of President-elect Donald Trump’s team with a looming government shutdown ...