President-elect Donald Trump called for the debt ceiling to be extended to 2029 on a late night posting on Truth Social.
Without the debt ceiling extension, Trump argued, “we should never make a deal.”
Trump helped tank a short-term bill this week that would have funded the government through March in part over his concern that the debt ceiling could interfere with his legislative agenda in 2025.
The debt ceiling, which was suspended by the bipartisan Fiscal Responsibility Act in June 2023, will return on January 2. At that point, the Treasury Department will have to use the cash it has on hand to pay the nation’s bill.
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Trump on Thursday backed a newly negotiated bill that would extend the debt ceiling until 2027. That bill failed to pass the GOP-controlled House.
Trump is now calling for the debt ceiling to be extended until his second, and last term, in the White House is over.
