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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.
Why Trump wants to raise it. The debt ceiling was suspended in 2023 through Jan. 1, 2025, and extraordinary measures are expected to buy Congress and Trump a few more months until a potential ...
Trump, in an interview with NBC News, has also endorsed abolishing the limit on federal debt – currently more than $36 trillion – altogether. ... Republicans will want to use the debt ceiling ...
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 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 and congressional Republicans are plotting how to address the nation’s debt limit this year. The debt ceiling, which caps how much money the Treasury can owe to pay the ...
The proposal quickly got support from one of Trump’s most vocal rivals in Congress, Sen. Elizabeth Warren (D-Mass.). “I agree with President-elect Trump that Congress should terminate the debt ...
On Thursday morning, Trump went even further, telling NBC News that Congress needs to abolish the debt ceiling entirely. In a phone interview, Trump said that some Democrats have wanted to ...