Loading...
Market
What will be the outcome of the debt ceiling debate by the end of 2025?
2
Resolution / Starting Odds
Abolished • 25%
Extended to 2029 • 25%
Extended with a different date • 25%
No change • 25%
Official legislative records or credible news reports on Congressional decisions
Story
President-elect Trump Urges Abolishing Debt Ceiling or Extending It to 2029
Dec 19, 2024, 04:30 PM
President-elect Donald Trump has called for Congress to abolish the 'ridiculous' debt ceiling entirely or extend it to 2029, according to multiple reports citing interviews with NBC News and ABC News on December 19 and 20. In phone interviews, Trump described the debt ceiling as a 'meaningless concept' and a 'psychological limit with no practical value,' stating that eliminating it would be 'the smartest thing Congress could do.' He expressed his willingness to 'lead the charge' on this issue and warned of a potential government shutdown if the debt ceiling is not addressed. 'There won't be anything approved unless the debt ceiling is done with,' Trump said, adding, 'Without this, we should never make a deal.' He also remarked, 'If we don't get it, then we're going to have a shutdown, but it'll be a Biden shutdown, because shutdowns only inure to the person who's president.' His comments come as Congress faces debates over federal funding and borrowing authority.
View original story
Similar markets
Debt ceiling abolished • 25%
Debt ceiling raised • 25%
Debt ceiling unchanged • 25%
Other outcome • 25%
Abolished • 25%
Suspended • 25%
Increased • 25%
Unchanged • 25%
Debt ceiling abolished • 25%
Debt ceiling extended • 25%
Debt ceiling unchanged • 25%
Other legislative solution • 25%
Abolished • 25%
Extended • 25%
Unchanged • 25%
Other • 25%
Debt ceiling increased • 25%
Debt ceiling remains unchanged • 25%
Temporary extension • 25%
No resolution • 25%
Both support abolition • 25%
Both oppose abolition • 25%
Republicans support, Democrats oppose • 25%
Democrats support, Republicans oppose • 25%
Yes • 50%
No • 50%
Majority support abolition • 25%
Majority oppose abolition • 25%
Evenly split • 25%
Uncertain/No clear majority • 25%
Majority support abolition • 25%
Majority oppose abolition • 25%
Evenly split opinion • 25%
Insufficient data • 25%
Debt ceiling abolished • 25%
Debt ceiling remains with increased limit • 25%
Debt ceiling remains unchanged • 25%
Other outcome • 25%
Debt ceiling raised with reforms • 25%
Debt ceiling raised without reforms • 25%
Debt ceiling not raised • 25%
Debt ceiling suspended • 25%