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The federal debt limit will pose one of Bessent's biggest challenges.

The Freedom Caucus deficit hawks love their debt limit more than they love Trump.

Trump demanded that lawmakers raise or even suspend the debt limit in any spending deal, but the provision was dropped from the final version of the bill that passed in both chambers.

Then Trump, not one to let the guy riding shotgun grab the reins, demanded that Republicans vote against any budget bill that didn’t also repeal the nation’s debt limit.

Also known as the debt limit, this is a law that restricts the total amount of money the government can borrow to pay its bills.