Former President Trump calls to eliminate the debt ceiling, complicating budget talks and risking a government shutdown.

Former President Trump called for eliminating the debt ceiling, a statutory limit on national debt, complicating ongoing budget negotiations and potentially risking a government shutdown. The debt ceiling, currently at $31.4 trillion, has been a tool for Congress to manage national debt. Trump's demand has divided legislators, with some supporting and others dismissing it as unfeasible. The debate over the debt ceiling has significant implications for the US economy and global financial stability.

December 19, 2024
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