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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.