WASHINGTON (Reuters) – U.S. President-elect Donald Trump mentioned elevating the debt ceiling could be “thought of one of many stupidest coverage selections in years”, referring to a 2023 funds deal reached by then-Speaker of the Home of Representatives Kevin McCarthy and U.S. President. Joe Biden.
Beneath the phrases of the settlement, Congress suspended the debt ceiling till January 1, 2025. The U.S. Treasury will be capable to pay its payments for a number of extra months, however Congress should tackle the problem in some unspecified time in the future sooner or later. subsequent yr.
In an article on Reality Social, Trump mentioned: “Elevating the debt ceiling by a former Speaker of the Home, man and a good friend of mine… will go down as one of many stupidest political selections made for years. “
He added: “Democrats should be compelled to vote on this delicate subject NOW, beneath the Biden administration, not in June. They need to be blamed for this potential catastrophe, not the Republicans!
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