President Trump meets with Senate Majority Leader Mitch McConnell, R-Ky., Senate Minority Leader Chuck Schumer, D-N.Y., House Minority Leader Nancy Pelosi, D-Calif., and other congressional leaders in the Oval Office. According to The Washington Post, Trump and Schumer have agreed to work on a plan to eliminate the debt ceiling.
The debt ceiling’s days as a recurring sticking point for politicians, and a recurring worry for government employees, could be numbered, according to President Trump.
The debt ceiling’s days as a recurring sticking point for politicians, and a recurring worry for government employees, could be numbered, according to President Trump.
He told reporters on Thursday that “there are a lot of good reasons” to get rid of it, and The Washington Post reported Thursday on an agreement between Trump and Senate Minority Leader Chuck Schumer, D-N.Y., to work toward that end over the next couple months.
Still, despite Trump and Schumer’s “gentleman’s agreement,” as one Post source called it, to work to get rid of the ceiling, any plan to actually do away with the ceiling would need Republican congressional leaders, who currently oppose the idea, to get on board. Speaker of the House Paul Ryan, R-Wis., specifically has come out against eliminating the ceiling vote.
But Trump said it is not off the table.
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