Trump Urges Congress To Eliminate Debt Ceiling, Calling It A 'Meaningless Concept'

Benzinga 2024-12-20

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President-elect Donald Trump called for eliminating the debt ceiling, describing it as the smartest thing Congress could do. Trump criticized the debt ceiling as a psychological concept with no meaningful impact, saying it only complicates governance. Trump also expressed concerns over a looming government shutdown, suggesting it should occur under the outgoing Democratic administration to clear the way for his presidency. He discussed his stance on the funding deal with Elon Musk, noting their aligned views on fiscal matters. Trump previously floated the idea of abolishing the debt ceiling during his presidency and signed multiple measures to raise it.

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