Trump says he and Elizabeth Warren finally agree 'on SOMETHING.' What to know

Brendan Rascius, The Bradenton Herald on Jun 5, 2025

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President Donald Trump and Sen. Elizabeth Warren have long had a rocky relationship characterized by deep policy disagreements and insult hurling.

Trump has called the Massachusetts Democrat a “basket case” and frequently referred to her as “Pocahontas.” In turn, Warren has described Trump as a “thin-skinned fraud” and a “wannabe tyrant.”

But now, the two political leaders have found common ground. At least on one issue.

“@realDonaldTrump and I agree: the debt limit should be scrapped to prevent an economic catastrophe,” Warren wrote on X on May 30, linking to a video of Trump calling to abolish the debt limit. “Let’s pass a bipartisan bill and get rid of it forever.”

Days later, the president reiterated that he was on board with the idea.

“I am very pleased to announce that, after all of these years, I agree with Senator Elizabeth Warren on SOMETHING,” he wrote on Truth Social on June 4. “The Debt Limit should be entirely scrapped to prevent an Economic catastrophe…Let’s get together, Republican and Democrat, and DO THIS!”

Warren, currently serving her third term, then issued another statement on the subject, this time calling out her GOP colleagues.

“If Republicans in Congress were serious about preventing that economic disaster, they would scrap the debt limit entirely like President Trump has called for – not increase it by $4 trillion to finance tax cuts for billionaires and billionaire corporations.”

The debt limit — also referred to as the debt ceiling — is the maximum amount of money the U.S. government is legally authorized to borrow in order to meet its existing financial obligations.

These obligations include paying for programs and services such as Social Security, military salaries, Medicare and interest on the national debt.

The GOP spending bill — which passed in the House and is under consideration in the Senate — would increase the national debt by $2.4 trillion over the next decade, according to an analysis by the Congressional Budget Office.

Ending the debt ceiling comes with pros and cons, experts and lawmakers say.

Abolishing the debt limit would end the threat of the U.S. defaulting on its obligations, which could trigger a recession, according to Congressional Digest.

“Default would threaten the status of U.S. government debt as the safest asset in the world,” according to a 2022 report from the House Committee on the Budget. “The U.S. currently enjoys status as the global reserve currency, but the inability to pay our debts on time – especially in the conditions of a long debt limit stalemate – could threaten this standing and provide an opportunity for a global competitor, such as China, to step in…”

But, proponents of maintaining the debt ceiling say axing it would remove a necessary check on government spending, according to The Week.

Former President Joe Biden was one such proponent. In 2022, he dismissed a Democratic push to end the debt ceiling as “irresponsible.”