Trump Wants to Eliminate the Debt Ceiling—What Is It and How Did We Get Here?

The debt ceiling has been a source of political conflict and Wall Street anxiety for years.

Save

Trump Wants to Eliminate the Debt Ceiling—What Is It and How Did We Get Here? — Illustration by The Epoch Times, Getty Images

January 03, 2025Updated:January 09, 2025

The U.S. government rang in the new year by reinstating the debt ceiling on Jan. 1, preparing the nation for another showdown in 2025 between Democrats, fiscal conservatives, and President-elect Donald Trump.

As Congress narrowly avoided a government shutdown just before Christmas, Trump renewed the debate over the debt ceiling by advocating for its abolition or multiyear extension.

Trump Wants to Eliminate the Debt Ceiling—What Is It and How Did We Get Here?

The debt ceiling has been a source of political conflict and Wall Street anxiety for years.

Licensed to Chase? Storm Chasers on Their Role in Tornado Spotting

Data Center Construction Boom Faces Local Resistance in 28 States

Why Fishermen Are Catching Fewer Lobsters in Maine

In Greenland’s Icy Capital, Past Troubles Haunt Hopes for the Future

How a Chinese Government Statistician Was Forced to Report Fake Data

Harvard’s China Ties Under Scrutiny as US Targets Student Visas

Airline Crews Say DEI Persists, Despite Safety Concerns and Trump Orders

Is There a New England Serial Killer? Social Media Says Maybe, Police Say No.

With Centuries-Old Ohio Paper Mill Set to Close, Locals Hope for a Miracle

Top 9 Supreme Court Decisions to Watch For in June