US President-elect Donald Trump has criticised the 2023 debt ceiling extension, agreed by President Joe Biden and then-House Speaker Kevin McCarthy. Trump called the move a “dumb political decision,” asserting it failed to address the financial crisis and shifted responsibility to Republicans. The debt ceiling suspension, in effect until January 2025, has sparked political and economic debates. With national debt surpassing $36 trillion, Trump urged immediate action, warning of potential consequences for the US economy and political fallout for Republicans.
