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What will be the outcome of Trump's first major economic policy on the debt ceiling within 100 days?
2
Resolution / Starting Odds
Successfully raises debt ceiling • 25%
Fails to raise debt ceiling • 25%
Implements temporary measures • 25%
No action taken • 25%
Official government publications, economic reports, or public announcements
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.
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Debt Ceiling Extended • 25%
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