In a phone interview with NBC News, Trump said that getting rid of the debt ceiling entirely would be “the smartest thing that Congress could do. I would fully support it”
President-elect Donald Trump said Thursday that Congress should repeal the debt ceiling, a day after he railed against a deal reached to fund the government before the shutdown.
In a phone interview with NBC News, Trump said that getting rid of the debt ceiling entirely would be “the smartest thing that Congress could do. I would fully support it.”
“Democrats said they want to get rid of it. If they want to get rid of it, I’ll support it,” Trump added.
Trump said the debt ceiling is a meaningless concept — and that no one knows for sure what would happen if it were ever breached — “a disaster or meaningless,” he wondered.
“It doesn’t mean anything, it’s just psychological,” he said.
The debt ceiling is the limit set by lawmakers that determines how much the federal government can borrow to pay its bills. It does not allow any new expenditure.
In his call Wednesday for Republicans to abandon the negotiated bipartisan short-term spending bill, Trump also asked lawmakers to raise the debt ceiling — something that was not at all on the table.
Congress last raised the debt ceiling in June 2023, suspending it until Jan. 1, 2025. Typically, the Treasury Department can extend the deadline using so-called emergency measures to buy more time.
Source :Skai
With a wealth of experience honed over 4+ years in journalism, I bring a seasoned voice to the world of news. Currently, I work as a freelance writer and editor, always seeking new opportunities to tell compelling stories in the field of world news.
