WASHINGTON (Reuters) – U.S. President-elect Donald Trump said the extension of the debt ceiling will “go down as one of the dumbest political decisions made in years,” referring to a 2023 budget deal struck by then-House Speaker Kevin McCarthy and President Joe Biden.
Under that deal, Congress suspended the debt ceiling until Jan. 1, 2025. The U.S. Treasury will be able to pay its bills for several more months, but Congress will have to address the issue at some point next year.
In a post on Truth Social, Trump said, “The extension of the Debt Ceiling by a previous Speaker of the House, a good man and a friend of mine … will go down as one of the dumbest political decisions made in years.”
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He added, “The Democrats must be forced to take a vote on this treacherous issue NOW, during the Biden Administration, and not in June. They should be blamed for this potential disaster, not the Republicans!”
(Reporting by Jasper Ward; Editing by Don Durfee)