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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 Republican effort to take the debt ceiling off the table during December's government shutdown standoff was rebuffed by 34 Republicans who ignored both Johnson and Trump and their pleas to ...
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.
Abolishing the debt ceiling would be the “smartest thing it [Congress] could do. I would support that entirely,” the incoming president told NBC News on Thursday. “The Democrats have said ...
Trump wants Congress to tackle the debt ceiling now so he will not have to deal with it when he is in the White House. One of his first priorities on returning to office will be extending tax cuts ...