On Wednesday, President Donald Trump stepped up his demands to dismantle the U.S. debt cap, saying it should be “entirely scrapped to avoid an Economic catastrophe.”
Trump is now negotiating with Senate Republicans about his tax plan, which governmental conservatives fear will add trillions to the country’s deficit. Sen. Elizabeth Warren (D-MA ), a member of the Democratic Party, has long supported lowering the legal cap on how much money the government can use to offset federal spending.
” I’m really pleased to announce that, after all these years, I still support Senator Elizabeth Warren on Something. To avoid a financial collapse, the loan limit may be completely abolished. Trump posted on Truth Social that it is too damaging to be put in the arms of political figures who may want to utilize it despite the horrifying impact it might have on our nation and, directly, the world. Come unite Republican and Democrat leaders and DO THIS!
Trump had recently suggested that Congress should impose a debt ceiling because it was obstructed by legislation to stop a government shutdown during an interview with NBC in December.
And once more, next Friday, Trump claimed to have “always agreed” with Warren on the subject with reporters in the Oval Office.
She wanted to see it canceled, eliminated, and not cast for five or ten years, he said, “because it’s but disastrous for our land.”
In DOGE CUTS TO CAPITOL HILL, WHITE HOUSE SENDS$ 9.4 BILLION.
Warren was backed by Trump’s responses, with one caveat.
She posted on X,” Let’s go a nonpartisan bill and get rid of it forever.” However, it is outrageous to raise the loan cap by$ 4 trillion to finance additional tax cuts for entrepreneurs.
