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A good idea from President Trump: Scrapping the debt ceiling

A good idea from President Trump: Scrapping the debt ceiling

President Trump appears to have signed on to a very good idea: scrapping the debt ceiling.

It may be unwise or premature to make too much of this, such as by heralding it as a dramatic change in approach at the White House, but numerous reports out of Washington say that during his meeting with Democratic leaders on Wednesday, Trump agreed to work toward a plan to permanently end the need for repeated votes to raise the ceiling. The century-old rule requires congressional approval to increase the government’s right to borrow money.

For most of that time the votes were routine, but in recent decades the rule has become entangled in ideological battles. On these occasions...

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