Elizabeth Warren Agrees With Trump On Scrapping Debt Limit—But Blasts $4 Trillion Hike For Billionaire Tax Breaks

Sen. Elizabeth Warren (D-Mass.) expressed agreement with President Donald Trump on eliminating the federal debt ceiling while sharply criticizing proposed tax breaks for wealthy Americans amid escalating fiscal concerns.

What Happened: Warren shared a video of Trump’s remarks on her X account, stating: “Trump and I agree: the debt limit should be scrapped to prevent an economic catastrophe. 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.”

Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — this is your last chance to become an investor for $0.80 per share.

In the video, Trump acknowledged Warren’s longstanding position, saying: “Elizabeth Warren and various other people would like to see that. Her whole career, she wanted to see it terminated, gotten rid of, not being voted on every five years or ten years. And the reason was because it’s so catastrophic for our country. And I always agreed with her.”

Trump noted the debt ceiling’s automatic four-year extension in current legislation, calling potential defaults “too catastrophic.”

See Also: Nancy Pelosi Invested $5 Million In An AI Company Last Year — Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000.

Why It Matters: Trump’s debt ceiling support connects to his “One Big, Beautiful Bill,” which passed the House 215-214 but faces Senate resistance. The legislation uses a four-year debt ceiling extension to enable $3.8 trillion in additional deficit spending, according to Congressional Budget Office estimates.

Warren agrees on eliminating the debt ceiling permanently but opposes the current $4 trillion increase for what she calls billionaire tax breaks. Republican senators threaten to block the bill over deficit concerns.

Read Next:

• Hasbro, MGM, and Skechers trust this AI marketing firm — Invest before it's too late.
• Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Many are rushing to grab 4,000 of its pre-IPO shares for just $0.30/share!

Image via Shutterstock