It’s not often that Donald Trump and Elizabeth Warren find themselves on the same side of an issue, but the debt ceiling has done it. Trump posted that he wants to abolish the limit altogether, echoing a position Warren has pushed for years. It’s a rare political alignment, but it makes sense when you think about it — Trump doesn’t want to be constrained by fiscal politics, and Warren sees the ceiling as a needless weapon of partisan gamesmanship. Meanwhile, Treasury Secretary Scott Bessent is warning that the U.S. hits its limit in mid-July. That puts fresh pressure on the one big, beautiful bill that includes a $5 trillion debt ceiling hike — a hike Trump now appears to want removed entirely.
