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Fortune
Fortune
Sasha Rogelberg

Trump admits he would prefer to eliminate the debt ceiling under Biden so he can avoid taking the heat for more government borrowing

Donald Trump shrugs and gestures as he speaks into a microphone behind a "Trump Vance" podium. (Credit: Andrew Harnik/Getty Images)
  • As a government shutdown looms, President-elect Donald Trump is insisting on including provisions in a spending bill that would raise the debt ceiling, something his party has historically opposed. “We'll see whether or not we have a closure during the Biden administration,” Trump told CBS News. “But if it's going to take place, it's going to take place during Biden, not during Trump."

President-elect Donald Trump has said the quiet part out loud, admitting he wants Congress to eliminate the debt ceiling under President Joe Biden’s administration. Trump’s calls for getting rid of the debt ceiling is a break from decades of Republican party opposition to raising debt limits.

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