Trump says US debt limit should be scrapped entirely
telegraph.co.ukPublished: 6/4/2025
Summary
Donald Trump has criticized his own "big, beautiful bill" for potentially increasing the U.S. deficit by $2.4 trillion over a decade, sparking concerns about an economic catastrophe. He has called for the elimination of the debt limit to prevent such harm, despite the legal framework allowing borrowing up to $36.1 trillion. The plan faces political pushback in Congress, with fiscally hawkish senators likely to scrutinize its impact on the budget deficit and long-term fiscal health.