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Trump and Warren Unite on Bipartisan Bill to Abolish US Debt Limit

Supporters say eliminating the debt cap is vital to prevent an economic collapse, with the bill offered to secure bipartisan backing in Congress.

Sen. Elizabeth Warren, D-Mass., conducts a special forum on the rising cost of education at the Dirksen Senate Office Building on May 14, 2025 in Washington, D.C.
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Debt Ceiling Illustration
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Overview

  • Trump and Warren have each called on Congress to pass a bipartisan bill eliminating the federal debt limit.
  • They warn that retaining the cap risks political brinkmanship that could trigger severe economic fallout.
  • Their alliance is a rare bipartisan move, uniting a former Republican president with a progressive Democrat.
  • Critics argue the debt limit is essential for fiscal discipline, casting doubt on the proposal's prospects.
  • Treasury Secretary Janet Yellen had warned that the government could hit its borrowing cap by January 2025, heightening the urgency for a solution.