Overview

• Sen. Rand Paul has criticized President Trump’s debt ceiling proposal, calling it a 'slap in the face' to fiscal conservatives.
• The bill seeks to raise the federal borrowing limit by $5 trillion, marking the largest debt ceiling increase in U.S. history.
• Paul questioned the effectiveness of Elon Musk’s Department of Government Efficiency (DOGE), citing a lack of tangible spending reductions to justify the borrowing increase.
• The legislation, which projects deficits exceeding $2 trillion this year and nearly $3 trillion next year, has passed GOP-led chambers but faces internal dissent and Senate challenges.
• Trump remains optimistic about the bill’s passage, citing Republican unity and potential bipartisan support in Congress.