Trump and Warren Agree: Scrap the Debt Ceiling to Avert Economic Crisis
PatriotR Daily News 06/06/25
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US NEWS
Trump and Warren Agree: Scrap the Debt Ceiling to Avert Economic Crisis
Former President Donald Trump has called for the complete elimination of the U.S. debt ceiling, aligning—surprisingly—with Senator Elizabeth Warren, who has long supported the move. Posting on Truth Social, Trump said the debt limit gives too much political leverage and poses catastrophic risks to the economy. He emphasized bipartisan cooperation to abolish it and expressed tentative support for Warren’s additional proposal to raise the debt ceiling by $4 trillion over time.
Trump’s remarks echo Warren’s recent call for a permanent end to the debt limit, which she had shared on social media along with Trump’s earlier comments. Though the two have historically clashed, both now agree on the need to eliminate the borrowing cap to prevent economic instability.
The House has already passed a bill to raise the debt ceiling by $4 trillion, and Trump’s team insists that provision remains critical. Treasury Secretary Scott Bessent has warned of an approaching mid-July deadline to avoid default, urging Congress to act quickly as the government nears its $30 trillion debt limit. Read More.

FINANCIAL NEWS
Billionaire Frank Giustra Warns: "Hyperinflation Wiped Out My Family—It Can Happen Again"
Billionaire investor Frank Giustra shared a personal and sobering account of hyperinflation during an interview with Daniela Cambone, recounting how his family in Argentina lost everything when their money became worthless overnight. Giustra’s warning isn’t theoretical—he lived through a currency collapse and sees parallels today.
As governments continue to print money and national debts soar, Giustra cautions that the risk of hyperinflation isn’t confined to history or developing nations. He urges people to recognize the signs and prepare, suggesting that even wealthy, developed countries are not immune to the devastating consequences of currency devaluation. Read Now.
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