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  2. Trump would abolish the debt ceiling. Here’s what’s going on

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    In 1917, when it was financing World War I with Liberty Bonds, Congress instituted a limit on US borrowing and the debt ceiling evolved from there as US debt has grown and grown and grown.

  3. What is the debt ceiling? What has Trump said about the US ...

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    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.

  4. Government shutdown recap: Congress passes funding deal - AOL

    www.aol.com/government-shutdown-live-updates...

    House Republicans ended yesterday with a landslide defeat for their slimmed-down funding extension with a debt ceiling increase.House Speaker Mike Johnson arrived at the Capitol a few minutes ago ...

  5. Donald Trump rejects bipartisan plan to avoid a government ...

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    The current debt limit suspension ends on January 1, 2025. The agreement allows a few extra months for the Treasury Department to use “extraordinary measures” to pay the bills. Democratic ...

  6. Trump calls for eliminating debt ceiling amid chaos before ...

    www.aol.com/trump-calls-eliminating-debt-ceiling...

    Trump took his position on the debt ceiling a step further in remarks to ABC News, essentially setting an ultimatum on the matter. "There won't be anything approved unless the debt ceiling is done ...

  7. Debt ceiling news - live: Senate passes debt limit deal bill ...

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    Bill passed after senators rejected 11 proposed amendments

  8. 2023 United States debt-ceiling crisis - Wikipedia

    en.wikipedia.org/wiki/2023_United_States_debt...

    The United States debt ceiling is a legislative limit that determines how much debt the Treasury Department may incur. [23] It was introduced in 1917, when Congress voted to give Treasury the right to issue bonds for financing America participating in World War I, [24] rather than issuing them for individual projects, as had been the case in the past.

  9. House Republicans pass US debt bill, push Biden on spending - AOL

    www.aol.com/news/mccarthy-struggles-debt-bill...

    House Republicans passed sweeping legislation Wednesday that would raise the government's legal debt ceiling by $1.5 trillion in exchange for steep spending restrictions, a tactical victory for ...