Trump's New Demand: Abolish the Debt Ceiling

Washington D.C., USAThu Dec 19 2024
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Just hours ago, former President Donald Trump stirred up more chaos in Congress. He rejected a deal to keep the government running and demanded that lawmakers increase the nation's borrowing limit. Now, he's changed his tune again. Trump told NBC News he wants to scrap the debt ceiling altogether. "If Democrats want to get rid of it, I'll lead the charge, " he said. The debt ceiling is a limit on how much debt the federal government can take on. Republicans have often used it to demand concessions from Democrats. With the government's funding set to run out in less than 48 hours, Trump's new demand could make things even more complicated. Some far-right Republicans, like the House Freedom Caucus, have long opposed raising the debt ceiling. They worry that defaulting on the debt could harm the country's global standing.
Meanwhile, top House Democrat Hakeem Jeffries isn't keen on Trump's demand. He thinks Republicans want to use the debt ceiling to cut Social Security. Other right-wing lawmakers support Trump's call to renegotiate the government spending bill, even if it causes a shutdown. Elon Musk and Vivek Ramaswamy, billionaire entrepreneurs, have also been vocal about the issue. They think the people have triumphed by stopping the compromise bill. Trump even threatened to back primary challenges against Republicans who defy him. In other news, a Georgia appeals court ruled that the prosecutor Fani Willis should be disqualified from a case against Trump and others due to a conflict of interest. This could be a blow to Willis's case.
https://localnews.ai/article/trumps-new-demand-abolish-the-debt-ceiling-3eafe6a9

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