Trump calls for abolishing the debt ceiling

Politics and Government Politics and Government

Thu, December 19, 2024

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Trump calls for abolishing the debt ceiling

^{Published on 2024-12-19 11:01:10 - NBC News}

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."

In a recent interview with Fox News, former President Donald Trump called for the abolition of the U.S. debt ceiling, arguing that it creates unnecessary economic turmoil. Trump suggested that the debt ceiling should be eliminated to prevent the recurring crises associated with raising it, which he believes could be avoided if Congress managed spending more responsibly. He criticized the current system where the ceiling is used as leverage in political negotiations, often leading to brinkmanship that could potentially harm the economy. Trump's comments come at a time when the U.S. is approaching another potential standoff over the debt limit, with implications for government funding and economic stability.

Read the Full NBC News Article at:
[ https://www.nbcnews.com/politics/donald-trump/trump-calls-abolishing-debt-ceiling-rcna184820 ]

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