WASHINGTON (Reuters) – U.S. President-elect Donald Trump mentioned the extension of the debt ceiling will “go down as one of many dumbest political selections made in years,” referring to a 2023 funds deal struck by then-Home Speaker Kevin McCarthy and President Joe Biden.
Underneath that deal, Congress suspended the debt ceiling till Jan. 1, 2025. The U.S. Treasury will be capable to pay its payments for a number of extra months, however Congress must handle the problem sooner or later subsequent yr.
In a put up on Reality Social, Trump mentioned, “The extension of the Debt Ceiling by a earlier Speaker of the Home, a superb man and a buddy of mine … will go down as one of many dumbest political selections made in years.”
He added, “The Democrats have to be compelled to take a vote on this treacherous challenge NOW, throughout the Biden Administration, and never in June. They need to be blamed for this potential catastrophe, not the Republicans!”
