US President Donald Trump faces showdown over debt ceilingKEVIN LAMARQUE/REUTERS US President Donald Trump's demands to fund his border wall with Mexico may complicate efforts to raise the debt ceiling. SECRET PLANOn the debt ceiling, members of the House Freedom Caucus have long demanded cuts to spending on mandatory programs like Social Security be part of any debt bill. "Either that will get done or a clean debt ceiling will get done. We will raise the debt ceiling and there shouldn't be any fear of that." Raising the debt ceiling allows the Treasury to make payments that have already been authorised by Congress.
Source: Stuff August 19, 2017 00:45 UTC