Report: Trump, Schumer to push permanent repeal of debt ceiling

WASHINGTON, Sept 7 (Reuters) – U.S. President Donald Trump and Senate Democratic Leader Chuck Schumer have agreed to work toward a permanent repeal of the nation’s debt ceiling, the Washington Post reported on Thursday, one day after the Republican president cut a deal with Democrats on a short-term hike in the limit.

Trump and Schumer, along with House of Representatives Minority Leader Nancy Pelosi, would work on a plan over the next few months to remove the need for Congress to periodically raise the limit on federal borrowing, the newspaper reported, citing three people familiar with the decision.

Source: Report: Trump, Schumer to push permanent repeal of debt ceiling

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