President-elect Donald Trump expressed his preference for abolishing the US debt ceiling, not just raising it, as tensions rise in Congress over funding bill negotiations ahead of a government shutdown deadline. He suggested that eliminating the debt ceiling would be the most prudent move, garnering support from Senator Elizabeth Warren. Trump and Vice President-elect JD Vance’s push for raising the debt ceiling led to a halt in the funding bill process, with House Speaker Mike Johnson facing backlash and calls for his resignation.
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Kevin Hassett says if Senate finds Medicare abuse, then “we would look at it” in Trump bill
Kevin Hassett, director of the White House National Economic Council, clarified that the Trump administration is not targeting Medicare in its budget proposal but is open to addressing any identified fraud or abuse. He dismissed claims of Medicare cuts as "fake news," while Senate Republicans work on the House-passed budget bill, which includes significant tax cuts and changes to Medicaid. Some GOP senators express concerns over the Medicaid provisions, highlighting the need for careful negotiation...
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