President Donald Trump shared on Wednesday that he wants the debt limit “scrapped,” which Sen. Elizabeth Warren (D-MA) has also called for.
Trump issued a statement on Truth Social Wednesday afternoon.
“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,” he wrote.
“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,” he added.
“But jacking up the debt limit by $4 trillion to fund more tax breaks for billionaires is an outrage,” Warren added..@realDonaldTrump and I agree: the debt limit should be scrapped to prevent an economic catastrophe.
— Elizabeth Warren (@SenWarren) May 30, 2025
Let's pass a bipartisan bill and get rid of it forever.
But jacking up the debt limit by $4 trillion to fund more tax breaks for billionaires is an outrage. pic.twitter.com/tMRdSsY5St