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Will Congress address the debt ceiling before Trump's inauguration on Jan 20, 2025?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Congress or government publications confirming action on the debt ceiling
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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Other legislative solution • 25%
Fail to pass any extension • 25%
Pass a long-term extension • 25%
Pass a short-term extension • 25%
Permanent abolition • 25%
Unresolved • 25%
Compromise with new conditions • 25%
Temporary extension • 25%
Bipartisan effort • 34%
Democratic Party • 33%
Republican Party • 33%
Bipartisan effort • 25%
Democrats • 25%
No resolution by deadline • 25%
Republicans • 25%
Debt ceiling suspended • 25%
Debt ceiling raised • 25%
Other outcomes • 25%
Extraordinary measures initiated without raising/suspending • 25%