President-elect Donald Trump says “the smartest thing” Congress could do is abolish the debt ceiling, one day after opposing a deal to fund the federal government before a shutdown.
In a phone interview with NBC News, Trump suggested that the debt ceiling is meaningless, adding that he would support efforts to abolish it altogether.
“The Democrats have said they want to get rid of it. If they want to get rid of it, I would lead the charge,” he said.
The debt ceiling “doesn’t mean anything, except psychologically,” Trump added.
Sen. Elizabeth Warren (D-Mass.) endorsed Trump’s proposal.
“I agree with President-elect Trump that Congress should terminate the debt limit and never again govern by hostage taking,” Warren said on X….