President-elect Donald Trump is advocating for the suspension or outright elimination of the federal borrowing limit, targeting lawmakers to lift the debt ceiling to avert a potential government shutdown.
Trump’s remarks reflect a willingness to threaten primary challenges against Republicans who oppose his position regarding the debt ceiling, emphasizing that those who don’t comply should be removed from office.
The current federal borrowing limit is suspended until January 2025, but Trump argues for its immediate repeal, aligning with Democratic calls to eliminate the limit which they view as a leveraged tool.
The potential fallout from not addressing the debt ceiling could lead to a government default and significant economic uncertainties both domestically and globally, causing widespread alarm.
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