3 sources·Politics

Trump Pushes for Debt Ceiling Change Amid Washington Chaos

President-elect Trump's insistence on addressing the debt ceiling is complicating government funding negotiations and could impact fiscal policy.

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Updated: Dec 20th, 2024, 7:29 PM ET

Summary

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President-elect Donald Trump is calling on Congress to either eliminate or suspend the debt ceiling to shift responsibility onto President Biden's administration. This demand has led to further chaos in government funding negotiations, as a potential government shutdown looms. Trump’s push is seen as a political maneuver ahead of his upcoming term, and opinions vary on whether abolishing the debt ceiling would encourage responsible fiscal policy. Legislative responses have included proposals for both suspending and eliminating the ceiling, highlighting ongoing partisan tensions surrounding federal borrowing and spending.

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