Trump floats extending debt ceiling to 2029
by Ashleigh Fields - 12/20/24 8:06 AM ETPresident-elect Trump reiterated his support for abolishing or raising the debt ceiling, after House Republicans failed to advance a continuing resolution that would keep the government funded past Friday’s shutdown deadline.
Trump, whose criticism helped to tank the first iteration of the bill, urged lawmakers to extend the debt ceiling by at least four fiscal years.
“Congress must get rid of, or extend out to, perhaps, 2029, the ridiculous Debt Ceiling,” Trump wrote in a Friday early morning post on Truth Social.
“Without this, we should never make a deal,” he said. “Remember, the pressure is on whoever is President.”
The concept seems to be a uniting factor for many Democrats and the president-elect, who believes erasing federal spending limits would benefit the country. He’s also argued that those who back a deal without a debt ceiling hike should face primaries.
“The Democrats have said they want to get rid of it,” Trump told NBC News in an interview Thursday. “If they want to get rid of it, I would lead the charge.”
He added that the debt ceiling “doesn’t mean anything, except psychologically.”
Former National Economic Council member Bharat Ramamurti seemingly agreed, urging Democrats to use the impasse in Congress to push for the elimination of the debt threshold.
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https://thehill.com/homenews/administration/5050250-donald-trump-debt-ceiling-extension/
