Reported about 23 hours ago
In a recent episode of Capitol Gains, President-elect Donald Trump suggested eliminating the federal debt ceiling, provoking discussions in Washington and Wall Street. Yahoo Finance Senior Columnist Rick Newman critiqued the current system, labeling it a 'complete joke' for its inability to genuinely restrict government borrowing. Newman expressed that scrapping the debt ceiling could shift fiscal debates from crisis management to addressing spending priorities, though there remains uncertainty about the implications under the upcoming administration.
Source: YAHOO