Trump Says Debt Ceiling Is 'Not Necessary.' Is He Right?
President Trump said he would think about working with Democrats to scrap the limit on the country's borrowing, which has been around for a century.
The debt ceiling's days as a recurring sticking point for politicians, and a recurring worry for government employees, could be numbered, according to President Trump.
He told reporters on Thursday that "there are a lot of good reasons" to get rid of it, and The Washington Post also reported Thursday an agreement between Trump and Senate Minority Leader Chuck Schumer, D-N.Y., to work toward that end over the next couple months.
Still, despite Trump and Schumer's "gentleman's agreement," as one source called it, to work to get rid of the ceiling, any plan to actually do away with the ceiling would need Republican congressional leadership, who currently oppose the idea, to get on board. Speaker of the House Paul Ryan, R-Wis., specifically has
