TRUMP SAYS GOP SHOULD ‘NOT MAKE A DEAL ON THE DEBT CEILING’
TRUMP SAYS GOP SHOULD ‘NOT MAKE A DEAL ON THE DEBT CEILING’
Last week, as rumors suggested that Republicans and Democrats will soon reach an agreement on the debt ceiling, President Donald Trump gave some advise to Republicans in Washington, D.C.
Trump stated, “Republicans shouldn’t negotiate the debt ceiling unless they get everything they want (including the “kitchen sink”).
The way the Democrats have dealt with us in the past, he continued, is as follows. Please DO NOT fold.
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Trump’s counsel on the “Art of the Deal” in debt negotiations with the United States coincides with Joe Biden’s declaration this week that there won’t be a default on debt obligations, which was a reference to an upcoming “agreement” with Republicans that could raise the debt ceiling this summer, according to the Associated Press.
Republican Speaker of the House Kevin McCarthy (Calif.) addressed the debt ceiling negotiations on Fox News this week, explaining:
“You can’t keep raising the debt ceiling. It’s like having your child have a credit card, and year, after year, after year, you keep reaching the limit, and you just keep expanding it, expanding it. Well, there comes a point where your credit card now costs you more than all the money you make in a year – bigger than your entire economy. You’re responsible for paying it, but shouldn’t you look [at] how you’re spending the money?”
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According to Reuters, despite expectations that a U.S. debt ceiling agreement may soon be achieved in Washington, U.S. markets ended the day slightly higher on Thursday.
On Twitter, Republican Ohio Representative Jim Jordan also made a comment regarding the debt ceiling talks, writing, “Joe Biden delayed, delayed, and delayed on the debt ceiling. A just bill to address the issue was approved by House Republicans. But for some reason, we continue to be blamed by Biden and his Democratic allies. Ridiculous.”
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The U.S. debt ceiling is presently set at $31.4 trillion, according to Reuters.