The debt ceiling had been suspended until January 2 as part of the bipartisan Fiscal Responsibility Act, which Congress approved in June 2023 after months of contentious debate between the GOP-led ...

During the first Trump administration, it was raised three times, and in 2023 Congress agreed to a suspension of the ceiling that will expire on Jan. 1, 2025. The U.S. has never defaulted on its ...

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Republicans have leveraged the debt ceiling for years to block Democrats’ agenda. Now liberals see an opening to stymy Trump.

Along with increasing the debt ceiling, Congress can also suspend it for a set period, which removes the limit. When the suspension comes to an end, Congress then increases the debt ceiling to ...

Trump has called for the elimination of the debt ceiling. AP “First ... and that a ‘debt issuance suspension period’ will begin on Tuesday, January 21, 2025, and last through Friday ...

She also said a “debt issuance suspension period” will begin on ... will be unaffected by these actions,” she added. The debt ceiling caps how much money the Treasury Department can owe ...