Trump says extension of the debt ceiling will ‘go down as one of many dumbest political selections made in years’

WASHINGTON (Reuters) – U.S. President-elect Donald Trump stated 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.

Beneath that deal, Congress suspended the debt ceiling till Jan. 1, 2025. The U.S. Treasury will be capable of pay its payments for a number of extra months, however Congress must deal with the difficulty in some unspecified time in the future subsequent yr.

In a submit on Fact Social, Trump stated, “The extension of the Debt Ceiling by a earlier Speaker of the Home, a great 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 subject NOW, in the course of the Biden Administration, and never in June. They need to be blamed for this potential catastrophe, not the Republicans!”