Sen. Elizabeth Warren, D-Mass., wrote that President Donald Trump was right about wanting to eliminate the debt ceiling, while still opposing the White House's large spending bill.

The debt ceiling was suspended in June 2023 and reinstated in January 2025. Where raising the debt limit sets a specific cap, a suspension declines to set a dollar amount.

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If the debt ceiling is not raised by then, the U.S., for the first time in its history, could default on its debts, either by missing interest payments or not redeeming maturing bonds.