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Market
Will Congress vote to abolish the debt ceiling in 2025?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Official voting records from the US Congress or announcements from reputable news agencies
Story
Trump Supports Abolishing Debt Ceiling in NBC News Phone Interview
Dec 19, 2024, 02:16 PM
President-elect Donald Trump has expressed support for abolishing the debt ceiling, stating in a phone interview with NBC News that it would be the 'smartest thing [Congress] could do.' Trump suggested that the debt ceiling is a 'fake thing' with no real value in controlling debt, and he would lead the charge to get rid of it if Democrats, who have previously expressed interest in eliminating it in May of '23, support the move. This stance comes amidst ongoing debates in Congress over government funding and the potential for a shutdown, with Trump indicating that any shutdown should occur under a Democratic president.
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Similar markets
Majority support abolition • 25%
Majority oppose abolition • 25%
Evenly split • 25%
Uncertain/No clear majority • 25%
Republicans • 25%
Democrats • 25%
Bipartisan Effort • 25%
No Effort • 25%
Pass a short-term extension • 25%
Pass a long-term extension • 25%
Fail to pass any extension • 25%
Other legislative solution • 25%
Permanent abolition • 25%
Temporary extension • 25%
Compromise with new conditions • 25%
Unresolved • 25%
Abolished • 25%
Extended to 2029 • 25%
Extended with a different date • 25%
No change • 25%