Trump Criticizes GOP Debt Ceiling Deal as 'Dumbest Political Decision in Years'

President-elect Trump blames former Speaker McCarthy and House Republicans for a 2023 agreement that deferred the debt ceiling issue to 2025, potentially complicating his incoming administration.

The 2023 Fiscal Responsibility Act suspended the U.S. debt ceiling until January 1, 2025, requiring Congress to address the issue next year to avoid default.
President-elect Trump has harshly criticized the deal, calling it a political mistake that shifted responsibility from the Biden administration to his incoming presidency.
Trump has urged Republicans to force a debt ceiling vote before his inauguration, claiming Democrats would prefer economic hardship to harm the GOP politically.
Treasury Secretary Janet Yellen warned that 'extraordinary measures' could delay default until mid-2025 but urged Congress to act promptly to protect U.S. creditworthiness.
The deal, supported by then-Speaker McCarthy, included spending caps but has been a source of intra-GOP tensions, contributing to McCarthy's removal from leadership.