Trump Urges Congress To Eliminate Debt Ceiling, Calling It A 'Meaningless Concept'

Benzinga

President-elect Donald Trump called for eliminating the debt ceiling, describing it as the smartest thing Congress could do. Trump criticized the debt ceiling as a psychological concept with no meaningful impact, saying it only complicates governance. Trump also expressed concerns over a looming government shutdown, suggesting it should occur under the outgoing Democratic administration to clear the way for his presidency. He discussed his stance on the funding deal with Elon Musk, noting their aligned views on fiscal matters. Trump previously floated the idea of abolishing the debt ceiling during his presidency and signed multiple measures to raise it.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02President-elect Donald Trump called for eliminating the debt ceiling,

00:05describing it as the smartest thing Congress could do.

00:07Trump criticized the debt ceiling as a psychological concept

00:10with no meaningful impact, saying it only serves to complicate governance.

00:14Trump also expressed concerns over a looming government shutdown,

00:18suggesting it should occur under the outgoing Democratic administration

00:21to clear the way for his presidency.

00:23He revealed discussing his stance on the funding deal with Elon Musk,

00:27noting their aligned views on fiscal matters.

00:29Trump previously floated the idea of abolishing the debt ceiling

00:33during his presidency and signed multiple measures to raise it.

00:36For all things money, visit Benzinga.com slash GSTV.

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