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Why Trump wants Congress to abolish the debt ceiling

^{Published on 2024-12-19 14:40:37 - MSN}
 

• President-elect Donald Trump added a wrinkle to negotiations over a deal to fund the government when he called for an increase to the debt ceiling.

The article from MSN discusses former President Donald Trump's call for Congress to abolish the debt ceiling, arguing that it would prevent the U.S. from defaulting on its debt, which could lead to severe economic consequences. Trump's stance comes amidst ongoing debates and negotiations over the debt ceiling, with fears that failure to raise it could result in a default, potentially causing a financial crisis. He criticizes the use of the debt ceiling as a political bargaining chip, suggesting that its elimination would remove the risk of economic instability caused by brinkmanship in Congress. This perspective is part of a broader discussion on fiscal policy, where some argue for its removal to ensure uninterrupted government borrowing, while others see it as a necessary check on government spending.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/why-trump-wants-congress-to-abolish-the-debt-ceiling/ar-AA1waZ2E ]

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