Trump says talked with congressional leaders about ending debt ceiling
Reuters
Published Sep 07, 2017 02:01PM ET
Trump says talked with congressional leaders about ending debt ceiling
WASHINGTON (Reuters) - U.S. President Donald Trump said on Thursday that he and congressional leaders had discussed the possibility of jettisoning a long-standing cap on U.S. government debt, saying it is not really needed.
"It could be discussed," Trump told reporters as he sat down to meet with the ruler of Kuwait. "It complicates things. It's really not necessary."
On Wednesday Trump agreed with Democratic leaders in Congress on a three-month extension of the debt ceiling tied to hurricane relief legislation and funding for government operations into December.
The Washington Post, citing three people familiar with the decision, said Trump and Senate Democratic Leader Chuck Schumer had also agreed to work toward a permanent debt-limit repeal.
Trump and Schumer, along with House of Representatives Minority Leader Nancy Pelosi, would work on a plan over the next few months to remove the need for Congress to periodically raise the limit, the newspaper reported.
"The president encouraged congressional leaders to find a more permanent solution to the debt ceiling so the vote is not so frequently politicized," White House spokeswoman Sarah Sanders said, when asked about the Post report.
Any measure would still have to pass both the House and the Senate, both currently controlled by Republicans. House Speaker Paul Ryan said on Thursday he opposes any effort to do away with the role of Congress in approving increases to the federal debt limit.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.