Market
What will be the primary reason cited by Congress for their decision on the debt ceiling before Jan 20, 2025?
2
Resolution / Starting Odds
Economic stability concerns • 25%
Political pressure from Trump • 25%
Lack of consensus • 25%
Other • 25%
Congressional records, public statements from leading Congress members, or official reports
Story
Trump Criticizes McCarthy's Debt Deal, Demands Congress Address Debt Ceiling Before Inauguration
Dec 29, 2024, 11:18 PM
President-elect Donald Trump has criticized former House Speaker Kevin McCarthy for his decision to extend the debt ceiling into Trump's upcoming administration, calling it "one of the dumbest political decisions made in years." Trump stated that "NOTHING was gained—it was Biden’s problem, not ours," emphasizing that the extension shifted the debt ceiling issue from Biden's term to his own. He suggested that this political misstep contributed to McCarthy losing the speakership. Trump has demanded that Congress address the debt ceiling before he takes office on January 20th, arguing that failing to do so could lead to severe financial consequences for the country. He also acknowledged that current House Speaker Mike Johnson appears to be doing a very good job and urged action to prevent the Democrats from causing a potential economic crisis.
View original story
Similar markets
Fail to pass any extension • 25%
Other legislative solution • 25%
Pass a short-term extension • 25%
Pass a long-term extension • 25%
Bipartisan effort • 25%
No resolution by deadline • 25%
Republicans • 25%
Democrats • 25%
Debt Ceiling Issues • 25%
Republican Dissent • 25%
Democratic Opposition • 25%
Other • 25%
Democratic Party • 33%
Republican Party • 33%
Bipartisan effort • 34%
Temporary extension • 25%
Compromise with new conditions • 25%
Unresolved • 25%
Permanent abolition • 25%
Raise the debt ceiling • 25%
Other fiscal measures implemented • 25%
No action taken • 25%
Suspend the debt ceiling • 25%
Debt ceiling raised • 25%
Other • 25%
Government shutdown occurs • 25%
Debt ceiling suspended • 25%
Market crash • 25%
Other • 25%
Inflation • 25%
Recession • 25%
No change • 25%
Extended with a different date • 25%
Abolished • 25%
Extended to 2029 • 25%
Cost of living adjustment • 25%
Economic considerations • 25%
Other • 25%
Public pressure • 25%
Debt ceiling abolished • 25%
Debt ceiling raised • 25%
Debt ceiling unchanged • 25%
Other outcome • 25%