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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 ...
President-elect Donald Trump on Wednesday shone a spotlight on the debt ceiling, rejecting a bipartisan government funding deal negotiated by House Speaker Mike Johnson and demanding lawmakers ...
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.
[6] [7] After the 2024 United States presidential election, Donald Trump supported eliminating the debt ceiling. [8] The debt ceiling is an aggregate figure that applies to gross debt, which includes debt in the hands of the public and intra-government accounts. As of October 2013, about 0.5 percent of the debt is not covered by the ceiling. [9]
President-elect Donald Trump says he would prefer the US debt ceiling being completely abolished -- not just raised -- as congressional Republicans feud over a funding bill intensifies on Capitol ...
A new debt ceiling was established this week, setting up a debate for the months ahead about averting a government default.. The parameters of that coming standoff are already making Donald Trump ...
The nation’s debt ceiling was reinstated Thursday, giving congressional Republicans yet another divisive challenge to contend with in 2025.. President-elect Donald Trump is demanding that GOP ...
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.