Trump's demand to do away with the debt ceiling, which Republicans have in the past used to extract spending concessions, complicated the negotiations.
"The Democrats have said they want to get rid of it. If they want to get rid of it, I would lead the charge," Trump told NBC.
There are early report that the new agreement would suspend the debt ceiling for two years.
Trump also said that any lawmaker opposes lifting the debt ceiling should face a primary.
He directly threatened Rep. Chip Roy (R-Texas), a staunch conservative fiscal hawk, with a primary challenge.
Roy, like most conservatives, has opposed raising the debt ceiling. He was among the first to criticize Johnson's spending package as too expensive.
Some conservatives were baffled by the threat, although Trump has previously gone after Roy for backing Florida Gov. Ron DeSantis (R) in the GOP primary.
"My position is simple - I am not going to raise or suspend the debt ceiling (racking up more debt) without significant & real spending cuts attached to it," Roy posted on X. "I've been negotiating to that end. No apologies."
Democrats have in the past advocated for getting rid of the debt limit, accusing Republicans of playing politics that have taken the country to the brink of default.
But Jeffries and other Democrats dismissed Trump's demand, describing it as a ploy to borrow more money to enact Trump's tax cuts.
"Hard pass," Jeffries said.
Other Democrats were open to the idea.
"For years I have urged my colleagues for years to permanently eliminate the debt ceiling, which has never reduced our national debt," Rep. Don Beyer (D-Va.) posted on X. "Let's abolish the debt limit for good."
Sen. Elizabeth Warren (D-Mass.) added:
"Congress should terminate the debt limit and never again govern by hostage taking."
Senate Republicans were caught off guard by Trump's demand.
"I don't know his rationale," said Sen. Susan Collins (R-Maine), the top GOP appropriator.
Sen. John Thune (R-S.D.), who will be the Senate Majority Leader in the next Congress, indicated that it's not a top priority for the lame-duck Congress.
"I think that at some point we're going to have to deal with that. It's coming. How we deal with it, I'm open to suggestions," he said.
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