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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.
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 ...
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 ...
Trump told Senate Majority Leader John Thune (R-S.D.) at a recent meeting that it’s now up to him to find a way around the debt-limit impasse, according to a Republican source familiar with the ...
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 ...
But Trump's call to suspend limits on borrowing -- at a time the federal government's debt exceeds $36 trillion -- runs against long-voiced Republican concerns about fiscal profligacy in Washington.
It doesn’t mean anything, except psychologically,” Trump, 78, said of the debt ceiling, which controls how much the federal government can borrow to pay its bills.
To determine how the candidates might handle the national debt crisis, we can look to Trump’s time as president and Harris’s time in the Biden administration.