Trump Administration Plans to Address Debt Limit

With the national debt exceeding $36 trillion, President-elect Trump and congressional Republicans are strategizing on how to address the reestablished debt ceiling. Trump is urging a quick resolution, but internal divisions and partisan conflicts may complicate plans. Speaker Mike Johnson indicated that Republicans are considering including the debt ceiling in a massive reconciliation bill, which would allow them to bypass Democratic opposition and maintain control over the details. However, this approach could encounter difficulties as GOP leaders try to secure support for a complex package that also addresses various policy priorities. The situation reflects broader economic concerns, as experts warn about potential risks associated with Trump's proposals. As the party navigates a tight margin in the House, the debt ceiling issue remains a pivotal challenge.