Bloomberg News
@Bloomberg-News·2.8M subscribers·40.1K videos
Trump, Warren Agree US Should Scrap Debt Limit
Posted
June 5, 2025
Views
21,917
Likes
287
Comments
44
Engagement
1.51%
June 5, 2025
21,917
287
44
1.51%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
1:17Now PlayingSenator Elizabeth Warren (D-MA) reacts to President Trump's Truth Social post agreeing with her argument that the US should get rid of the debt limit entirely. The House-passed version of President Donald Trump’s tax and spending bill would add $2.42 trillion to US budget deficits over the next decade, according to a new estimate from the nonpartisan Congressional Budget Office.
The CBO’s calculation, released Wednesday in its so-called scoring of the “One Big Beautiful Bill,” reflects a $3.67 trillion decrease in expected revenues and a $1.25 trillion decline in spending over the decade through 2034, relative to baseline projections. The score doesn’t account for any potential boost to the economy from the bill, which could offset some of the revenue losses.
Prospects for an even more dire US fiscal trajectory threaten to stoke concerns about the bill among GOP fiscal hawks. Trump ally Elon Musk on Tuesday blasted the package as a “massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination.”
----------
Like this video? Subscribe
Bloomberg News is the first word in business news. Visit bloomberg.com for the latest on global business, markets and more.
Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months
Bloomberg on YouTube:
Connect with us on social:
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
