Trump Calls For Abolishing Debt Limit: 'Smartest Thing' Congress Could Do

Credit: Gage Skidmore

President-elect Donald Trump said he supports abolishing the debt ceiling because it's the "smartest thing," a day after scuttling a bipartisan spending deal that would have averted a federal government shutdown in two days.

Trump informed Republican lawmakers about his opposition to the 1,500-page bill put together by House Speaker Mike Johnson after billionaire Elon Musk, whom Trump named to run a government efficiency panel, criticized it as full of Democratic giveaways.

In his Wednesday message, Trump pushed for a "clear" spending bill that increases the debt ceiling.