United States President-elect Donald Trump told NBC News during a phone interview on Thursday that Congress should eliminate the debt ceiling.
Trump asserted that completely removing the debt ceiling would be the "smartest thing [Congress] could do. I would support that entirely." . This statement came just a day after he opposed an agreement made by congressional lawmakers to prevent a government shutdown.
"The Democrats have said they want to get rid of it. If they want to get rid of it, I would lead the charge," Trump added. "It doesn't mean anything, except psychologically." The debt ceiling represents the maximum amount of money that the US government is permitted to borrow to fulfill its existing legal obligations.
