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Outcome of Debt Ceiling Debate by June 30, 2025?
3
Resolution / Starting Odds
Debt ceiling abolished • 25%
Debt ceiling extended • 25%
Debt ceiling unchanged • 25%
Other legislative solution • 25%
Official legislative records or announcements from Congress
Story
President-elect Trump Calls for Abolishing Debt Ceiling, Warns of Shutdown
Dec 19, 2024, 03:23 PM
President-elect Donald Trump has called on Congress to eliminate the debt ceiling, stating that he would "support that entirely" and is prepared to "lead the charge" to abolish it. In a phone interview with NBC News, Trump described the debt ceiling as a "meaningless concept" that is "only psychological" and does not control government spending. He warned that "there won't be anything approved unless the debt ceiling is done with" and that if it is not eliminated or extended, there could be a government shutdown, which he termed a "Biden shutdown" as shutdowns "inure to the person who's president." Senator Elizabeth Warren agreed with Trump, stating on social media that Congress should terminate the debt limit and "never again govern by hostage taking."
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Abolished • 25%
Extended • 25%
Unchanged • 25%
Other • 25%
Debt ceiling abolished • 25%
Debt ceiling raised • 25%
Debt ceiling unchanged • 25%
Other outcome • 25%
Abolished • 25%
Extended to 2029 • 25%
Extended with a different date • 25%
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Temporary extension • 25%
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Abolished • 25%
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Temporary extension • 25%
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Unresolved • 25%
Debt Ceiling Abolished • 25%
Debt Ceiling Extended • 25%
No Change • 25%
Government Shutdown • 25%
Pass a short-term extension • 25%
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Fail to pass any extension • 25%
Other legislative solution • 25%
Both support abolition • 25%
Both oppose abolition • 25%
Republicans support, Democrats oppose • 25%
Democrats support, Republicans oppose • 25%