Market
Economic Impact of Debt Ceiling Abolition by 2025
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Resolution / Starting Odds
Interest rates • 25%
Inflation rate • 25%
National debt level • 25%
Stock market performance • 25%
Economic reports and analyses from major financial institutions
Story
Trump Vows to 'Lead the Charge' to Abolish U.S. Debt Ceiling, Supports Debt Limit Increase
Dec 19, 2024, 02:20 PM
President-elect Donald Trump has called for abolishing the U.S. debt ceiling and supports increasing the debt limit now. In an interview with NBC News, he stated he would 'lead the charge' to eliminate the debt ceiling if Democrats agree. Trump referred to the debt ceiling as a 'fake thing' with no real value in controlling debt.
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Economic growth accelerates • 34%
Recession occurs • 33%
No significant impact • 33%
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Debt ceiling unchanged • 25%
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Debt ceiling raised • 25%
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Abolished • 25%
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