Trump and Schumer Will Try to Scrap the Debt Ceiling

Trump and Schumer Will Try to Scrap the Debt Ceiling

By The Fiscal Times Staff

The president and the Senate Democratic leader agreed to seek out a more permanent debt ceiling solution that would end the perpetual cycle of fiscal standoffs. “There are a lot of good reasons to do that, so certainly that’s something that will be discussed," Trump said Thursday. It might not be easy, though, as conservatives see the borrowing limit as a way to keep government spending in check. Paul Ryan said Thursday he opposes doing away with the debt ceiling.

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