The Debt Ceiling Deadline Has Passed, And Now The Biggest Test Of Donald Trump’s Presidency Begins…

(Reported By Michael Snyder) On Wednesday, the temporary suspension of the debt ceiling ended, and so now the federal government is not going to be able to go into any more debt until the debt ceiling is raised.  For the moment, the Trump administration can implement “emergency measures” to stay under the debt limit, but it won’t be too long before we get to a major crisis point because the federal government is quickly running out of cash.

Already, the U.S. Treasury has less cash on hand than Apple or Google, and that cash balance is going to keep on dropping until the debt ceiling is finally lifted. You may remember that the debt ceiling became a major issue a couple of times during the Obama years.  Last time around, Barack Obama and the Republicans in Congress agreed to a horrendous deal which suspended the debt ceiling until several months after the 2016 electionREAD MORE

2 Comments on "The Debt Ceiling Deadline Has Passed, And Now The Biggest Test Of Donald Trump’s Presidency Begins…"

  1. All President Trump has to do is seize Mr. Obama’s 7 mansions and garnish his royalties from his and Michelle’s books for a couple of year, take down the organizations funded by our tax dollars stollen by Obama and illegal government persons and we would have the budget lowered. Return the funds that have been taken illegally and President Trump can greatly lower our debt ceiling.

  2. RJMS,Pgh.,PA They should also arrest Obooma & his husband. For what he did to this country,by funding radical muslims like ISIS and Hillary should of been locked up. Plus Obooma got away with murder,a few times,plus the forged documents. Trump needs to clean up the government & if congress,senate,etc. does not agree to the Wall and so forth,he should do like Obooma & sign it. Obooma did wiretape,he’s a LIAR.

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