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What will be the outcome of the U.S. debt ceiling policy debate by the end of 2025?
3
Resolution / Starting Odds
Abolished • 25%
Suspended • 25%
Increased • 25%
Unchanged • 25%
Official records from the U.S. Congress and statements from the President
Story
Trump Vows to 'Lead the Charge' to Abolish Debt Ceiling; Warren Agrees
Dec 19, 2024, 02:38 PM
President-elect Donald Trump has called for abolishing the U.S. debt ceiling, describing it as a 'fake thing' and a 'psychological limit' with no real value in controlling debt. In a phone interview with NBC News on Thursday, Trump said, 'The Democrats have said they want to get rid of it. If they want to get rid of it, I would lead the charge.' His stance aligns with Democratic efforts earlier in May 2023 to eliminate the debt ceiling, which faced opposition from Republicans at the time. Senator Elizabeth Warren expressed agreement with Trump, stating on social media, 'I agree with President-elect Trump that Congress should terminate the debt limit and never again govern by hostage taking.'
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Similar markets
Abolished • 25%
Extended to 2029 • 25%
Extended with a different date • 25%
No change • 25%
Debt ceiling abolished • 25%
Debt ceiling raised • 25%
Debt ceiling unchanged • 25%
Other outcome • 25%
Abolished • 25%
Extended • 25%
Unchanged • 25%
Other • 25%
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Temporary extension • 25%
Compromise with new conditions • 25%
Unresolved • 25%
Debt ceiling abolished • 25%
Debt ceiling extended • 25%
Debt ceiling unchanged • 25%
Other legislative solution • 25%
Debt ceiling increased • 25%
Debt ceiling remains unchanged • 25%
Temporary extension • 25%
No resolution • 25%
Raised • 50%
Suspended • 50%
Unchanged • 50%
