Trump calls for abolishing the debt ceiling [View all]
Source: NBC News
EXCLUSIVE
Debt ceiling crisis
Trump calls for abolishing the debt ceiling
In a phone interview with NBC News, Trump said getting rid of the debt ceiling entirely would be the “smartest thing it [Congress] could do. I would support that entirely.”
Dec. 19, 2024, 9:12 AM EST / Updated Dec. 19, 2024, 10:22 AM EST
By Garrett Haake, Rebecca Shabad and Sahil Kapur
President-elect Donald Trump said Thursday that Congress should get rid of the debt ceiling, a day after he came out against a deal reached by congressional lawmakers to fund the government before a shutdown occurs.
In a phone interview with NBC News, Trump said getting rid of the debt ceiling entirely would be the “smartest thing it [Congress] could do. I would support that entirely.”
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Read more: https://www.nbcnews.com/politics/donald-trump/trump-calls-abolishing-debt-ceiling-rcna184820
With time running out to avert a government shutdown, the president-elect demanded that lawmakers lift the borrowing limit as well.
December 19, 2024 at 11:29 a.m. EST Today at 11:29 a.m. EST
President-elect Donald Trump sits in the Oval Office during a meeting with President Joe Biden on Nov. 13. (Jabin Botsford/The Washington Post)
By Jeff Stein
President-elect Donald Trump has stunned lawmakers in Washington by calling for the suspension — or outright elimination — of the federal borrowing limit, introducing an explosive new demand into last-minute negotiations over averting a government shutdown this weekend.
In social media posts and interviews on Wednesday and Thursday, Trump called on congressional Republicans to lift the debt ceiling, a law that limits how much money the federal government can borrow.
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By Jeff Stein
Jeff Stein is the White House economics reporter for The Washington Post. He was a crime reporter for the Syracuse Post-Standard and, in 2014, founded the local news nonprofit the Ithaca Voice in Upstate New York. He was also a reporter for Vox.follow on X@jstein_wapo
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