President-elect Donald Trump called on Congress to raise or eliminate the debt ceiling.Anna Moneymaker/Getty ImagesPresident-elect Donald Trump has called on Congress to raise or eliminate the debt ceiling.He said doing so before his term would put the onus on Joe Biden and let him avoid an early fight.Going over the debt ceiling could lead to a default and a deep recession.The debt ceiling is the unexpected debate in Washington this week after President-elect Donald Trump threw the annual holiday-season government-funding talks into disarray.Trump said he wanted to raise or eliminate the limit on how much the federal government can borrow.
Comment on Why Trump is pushing hard to defuse the debt ceiling now and what it would mean for America
asheffey@businessinsider.com (Ayelet Sheffey,Alice Tecotzky), Business Insider
Fri, 12/20/2024 - 12:42pm
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