Trump Proposes Raising Debt Ceiling Until 2029

‘Congress must get rid of, or extend out to, perhaps, 2029, the ridiculous Debt Ceiling,’ Trump said.
Trump Proposes Raising Debt Ceiling Until 2029
President-elect Donald Trump speaks at a news conference at his Mar-a-Lago resort in Palm Beach, Fla., on Dec. 16, 2024. Andrew Harnik/Getty Images
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President-elect Donald Trump has doubled down on his support for eliminating or extending the debt ceiling, as Congress tries to avert a government shutdown.

Taking to social media, Trump urged lawmakers to raise the debt ceiling by at least four fiscal years.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."