Trump’s belief that the debt ceiling should not be used as a tool in negotiations is a clear flip-flop from his statements made during Obama’s presidency, when he often advocated for that very ...

If the debt ceiling is not raised by then, the U.S., for the first time in its history, could default on its debts, either by missing interest payments or not redeeming maturing bonds.

And finally, to the point that you didn't ask about, this is all would be self-inflicted and unnecessary because, if anything, the debt ceiling has proven time and time again to be an ineffective ...