President-elect Donald Trump says he would prefer the US debt ceiling be completely abolished — not just raised — as congressional Republicans’ feud over a funding bill intensifies on Capitol Hill ahead of a government shutdown deadline.
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 they want to get rid of it. If they want to get rid of it, I would lead the charge. 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.
Read more at https://nypost.com/2024/12/19/us-news/donald-trump-floats-abolishing-debt-ceiling-altogether-as-federal-funding-fight-with-gop-intensifies/
#donaldtrump #debtceiling #politics
The New York Post is your source for breaking news, news about New York, sports, business, entertainment, opinion, real estate, culture, fashion, and more.
Subscribe to New York Post Sports: https://www.youtube.com/c/nypostsports
Catch the latest news here: https://nypost.com/
Follow The New York Post on:
Twitter - https://twitter.com/nypost
Facebook - https://www.facebook.com/NYPost