The U.S. government rang in the new year by reinstating the debt ceiling on Jan. 1, preparing the nation for another showdown in 2025 between Democrats, fiscal conservatives, and President-elect Donald Trump.
As Congress narrowly avoided a government shutdown just before Christmas, Trump renewed the debt ceiling debate by advocating for its abolition or multi-year extension.
In a phone interview with NBC News on Dec. 19, Trump said he would work with Democrats to eliminate the debt ceiling.
“The Democrats have said they want to get rid of it,” he said. “If they want to get rid of it, I would lead the charge.”…