U.S. President-elect Trump expressed support for abolishing the debt ceiling

ChainCatcher News, the elected President of the United States, Trump, stated that Congress should eliminate the debt ceiling. A day earlier, Trump publicly opposed the agreement reached by congressional members to fund the government before a shutdown.

In a phone interview with NBC News, Trump said that completely eliminating the debt ceiling would be "the smartest thing Congress could do." "I would fully support it." "The Democrats say they want to get rid of it. If they want to get rid of it, I will take the lead." Trump stated that the debt ceiling is a meaningless concept, and no one knows exactly what would happen if the debt ceiling were ever breached—whether it would be a disaster or meaningless. "No one should want to know the answer." "It makes no sense other than psychologically," he said. (Jin Shi)