Trump calls for scrapping debt limit
Share and Follow


President Trump doubled down Wednesday on calls to scrap the nation’s debt ceiling, pressing for bipartisan action to abolish it and finding common ground with Democratic Sen. Elizabeth Warren (Mass.).

“I am very pleased to announce that, after all of these years, I agree with Senator Elizabeth Warren on SOMETHING. The Debt Limit should be entirely scrapped to prevent an Economic catastrophe. It is too devastating to be put in the hands of political people that may want to use it despite the horrendous effect it could have on our Country and, indirectly, even the World. As to Senator Warren’s second statement on the $4 Trillion Dollars, I like that also, but it would have to be done over a period of time, as short as possible. Let’s get together, Republican and Democrat, and DO THIS!” Trump wrote on Truth Social.

He shared Warren’s post on the social platform X from Friday, when she agreed with Trump that the debt limit “should be scrapped” and called for a bipartisan bill to “get rid of it forever.”

Warren had posted Trump’s comments in which he noted the progressive senator has long supported abolishing the debt limit in the past. He said he “always agreed with her” on the matter, adding that he hasn’t spoken to her personally about it.

“She wanted to see it terminated, gotten rid of, not being voted on every five years or 10 years, and the reason was because it’s so catastrophic for our country,” Trump said at a Friday press conference, alongside Tesla CEO Elon Musk.

The House-passed ‘big, beautiful bill,’ which the president is pushing for the Senate to pass, included plans to raise the nation’s debt ceiling by $4 trillion. Director of the Office of Management and Budget Director Russ Vought said on Wednesday evening that the president still thinks that should be included.

When asked if Trump would want to remove the debt ceiling from the package, Vought told reporters, “He thinks it is very important that the debt extension be a part of this bill.”

He continued, “From a philosophical standpoint, there should be support on a bipartisan basis to reflect on the fact that this tool provides way too much leverage for an opposing party or minority to hold hostage an administration that is trying to do big things for the American people.”

Treasury Department Secretary Scott Bessent has urged Congress to raise the nation’s debt ceiling by mid-July to prevent a default, after former President Biden and GOP leadership suspended the limit in 2023 to push off the threat of a national default through early 2025. The Treasury Department has also warned the government would have to implement “extraordinary measures” to keep the nation from defaulting on its more than $30 trillion debt.

Trump and Warren have clashed throughout the years, and the president has mocked her with the nickname “Pocahontas” in various speeches. At this first joint address to Congress in March, Trump called the progressive senator the nickname, and she responded by clapping from her seat.

Updated at 7:14 p.m. EDT

Share and Follow
You May Also Like
White House issues devastating takedown of 'uninformed Democrats'

White House delivers strong criticism of ‘uninformed Democrats’

The White House is actively responding to accusations from Democrats regarding the…
Chicago shooting: 16-year-old Meeyah Smith killed in Avalon Park worked with 'Englewood First Responders,' friends say; man hurt

Fatal Shooting in Avalon Park Claims Life of 16-Year-Old Meeyah Smith, Who was Involved with ‘Englewood First Responders,’ According to Friends; Another Individual Injured

CHICAGO (WLS) — A 16-year-old girl who was killed in shooting Friday…
Matthew McConaughey speaks out about the devastating floods that ravaged his home state of Texas

Matthew McConaughey shares his thoughts on the destructive floods that affected Texas, his place of residence.

Matthew McConaughey is asking for support from fans following devastating floods in…
Australian Erin Patterson found guilty of all counts in mushroom murders case

Australian Erin Patterson convicted of all charges in mushroom killings trial

An Australian woman was on Monday convicted of murdering three elderly relatives…
Republican congressman reunites with daughters after Texas camp flooding, thanks ‘countless heroes’

Republican congressman reunites with daughters after Texas camp flooding, thanks ‘countless heroes’

NEWYou can now listen to Fox News articles! A Republican lawmaker said…
Elon Musk announces formation of 'America Party'

Elon Musk creates new political party called the ‘America Party’

(The Hill) Tech billionaire Elon Musk said Saturday he has officially formed…
World War III will start with Xi and Putin invasions, warns NATO chief

NATO Chief Warns of Potential Invasions by Xi and Putin Leading to World War III

NATO chief Mark Rutte has chillingly warned that World War III will…
Texas school gathers supplies to help flood-impacted locals after spotlight moves on

Texas school gathers supplies to help flood-impacted locals after spotlight moves on

NEWYou can now listen to Fox News articles! As Texas families in…