Trump floated completely abolishing the debt ceiling on Thursday, surprising Democrats and Republicans alike.
The shocking demand comes as the president-elect revealed his opposition to the bipartisan spending bill, bringing the federal government another step closer to a shutdown.
Trump told NBC News over the phone that it would be the “smartest thing” Congress could do.
“I would support that entirely.… 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 said.
He went on to assert that the debt ceiling is a frivolous, imaginary concept intended to scare people into abiding by it. “It doesn’t mean anything, except psychologically,” he said.
This isn’t necessarily new for Trump, who signed laws to lift the debt ceiling three separate times during his first term while also suggesting the debt ceiling be killed off in 2017. “It complicates things, it’s really not necessary,” he said of the debt ceiling then.
Still, it goes against the rest of his party, as Republicans often campaign against raising the debt ceiling, let alone abolishing it entirely. That’s not the case with Democrats. Pennsylvania Democratic Representative Brendan Boyle has been advocating for his Debt Ceiling Reform Act since 2023, a law that would weaken Congress’s ability to use shutdown as a threat to pass legislation. The bill currently has 55 Democratic Party co-sponsors.
Already, at least one Democrat has backed Trump’s demand.
“I agree with President-elect Trump that Congress should terminate the debt limit and never again govern by hostage taking,” Senator Elizabeth Warren wrote on X.
