Sen. Lindsey Graham, a confidant of President Donald Trump, has floated a plan to tie money to build the president’s proposed border wall to a critical increase in the U.S. debt ceiling.
If Trump takes that gamble to secure funding for the barrier that has so far eluded him, it would create a standoff with Democrats and stakes for the American and global economies much larger than the recent government shutdown. On Tuesday, the White House left the door open to Trump attaching the debt ceiling and border wall fights.
By tying the two issues together, Trump would hope Democrats would help him fulfill one of his key campaign promises out of an obligation not to cause economic harm. He may believe holding the possibility of a credit downgrade or default over the Democratic leaders would make them more likely to yield to his border wall demand.
The U.S. borrowing