According to CoinMeta, as reported by Polit, American Republicans raised the debt ceiling by $5 trillion last year and are currently considering how to avoid a debt default during Trump's presidency. White House officials have privately proposed raising the U.S. debt ceiling of $41.1 trillion in the spending plan to be passed before the mid-term elections in November in order to address the current national debt total that is already close to $39.7 trillion.