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A fiscal fight is brewing in the court of Donald Trump
America’s debt pile and the case for tax cuts will be flashpoints inside the new administration.
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President-elect Donald Trump’s Mar-a-Lago club in Florida, the seat of Trump’s political court, where his quasi-courtiers are now expressing different views on tackling America’s US$36 trillion in national debt.
PHOTO: AFP
Gillian Tett
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It is Groundhog Day in Washington. In recent years, brinkmanship has repeatedly erupted whenever Congress has tried to raise the debt ceiling – usually because right-wing voices have threatened a government shutdown unless their demands were met.
Here we go again. Last week, Mr Mike Johnson, the Republican Speaker of the House of Representatives, tried to pass a stop-gap debt ceiling deal
