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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.
The public debt Trump will inherit as the 47th president is a completely different problem. The national debt will exceed $36 trillion when he takes office on Jan. 20, up from $20 trillion when he ...
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 ...
President Donald Trump has pursued a radical overhaul of the U.S. government since taking office on January 20, aiming to slash spending and dramatically downsize the 2.3 million strong civil service.
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 default.
Republican hardliners who normally are ardent supporters of President-elect Donald Trump are resisting his push to raise the U.S. debt ceiling, sticking to their belief that government spending ...
In a recent social media post, Trump railed against the state of the debt ceiling and called the deal that put it on the 2025 agenda "one of the dumbest political decisions made in years."
In his belligerence, Trump ignored the fact that the only time the alliance’s Article 5 mutual defense clause has ever been invoked was by allies who sent their troops to die in America’s war ...