June 04, 2025

President Trump Agrees with Senator Warren: Scrap the Debt Limit

“If Republicans in Congress were serious about preventing that economic disaster, they would scrap the debt limit entirely like President Trump has called for – not increase it by $4 trillion dollars to finance tax cuts for billionaires and billionaire corporations.”

Washington, D.C. – In response to President Donald Trump’s post, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, released the following statement:

“The independent non-partisan Congressional Budget Office confirmed today that Donald Trump’s Big Beautiful Bill will rip away health care from millions of people and increase the debt by $2.4 trillion to fund tax breaks for the ultra-wealthy. That’s a disgusting abomination, as Elon Musk made clear.

“I’ve argued for years that a default on the national debt would be an economic catastrophe that must be avoided by getting rid of the debt limit permanently. If Republicans in Congress were serious about preventing that economic disaster, they would scrap the debt limit entirely like President Trump has called for – not increase it by $4 trillion dollars to finance tax cuts for billionaires and billionaire corporations.”

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