“House Minority Leader Hakeem Jeffries (D-NY) has privately floated embracing the wholesale elimination of the debt limit next year rather than simply raising it,” Axios reports.
“President-elect Trump will almost certainly need Democratic votes when the debt limit’s ‘X-date’ is reached — which experts say could be as soon as mid-June.
”“Republicans have a significant bloc of debt and deficit hawks who will likely vote against raising the debt ceiling under any circumstances.
That gives the Democratic leader considerable leverage to use the debt limit to force concessions.”