share_log

Trump Would 'Lead The Charge' To Scrap Debt Ceiling: 30-Year Treasury Bonds Slide To 2024 Lows, Stocks Cut Gains

Benzinga ·  Dec 19 23:36

President-electDonald Trumpstirred the pot on Thursday by advocating for the outright removal of the U.S. debt ceiling, a move that sent shockwaves through the bond market and tempered Wall Street gains.

Trump's remarks came as Congress scrambled to pass a funding bill to avoid a government shutdown just days before the deadline.

In a phone interview with NBC News, Trump didn't mince words, calling the debt ceiling "a meaningless concept" and advocating for its elimination.

"The Democrats have said they want to get rid of it. If they want to get rid of it...

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment