Sen. Elizabeth Warren (D-Mass.) agreed with President Donald Trump’s position on eliminating the debt ceiling, but investor Anthony Pompliano responded with a sharp jab as the U.S. faces another potential fight over its growing debt.
Warren Calls for Ending the Debt Ceiling
On Wednesday, Warren said on X that the debt ceiling should be eliminated because it primarily poses the risk of an avoidable economic crisis.
"Donald Trump is right about this," Warren wrote. "Eliminate the debt limit—its only real function is to threaten an economic crisis."
She added that she was prepared to work with lawmakers from both parties to immediately “scrap the debt ceiling and protect the economy.”
Donald Trump is right about this:
— Elizabeth Warren (@SenWarren) July 29, 2026
Eliminate the debt limit—its only real function is to threaten an economic crisis.
I'm ready to work with both Democratic and Republican Senators to immediately scrap the debt ceiling and protect the economy.
Pompliano, the CEO of Professional Capital Management, reposted a screenshot of Warren’s remarks and offered a blunt reaction.
"This probably goes so hard if you are stupid," he wrote.
This probably goes so hard if you are stupid pic.twitter.com/bSB9dHuz7U
— Anthony Pompliano 🌪 (@APompliano) July 30, 2026
US Debt Nears $40 Trillion as Another Deadline Looms
The exchange comes as Republicans are reportedly already weighing how to address the nation’s borrowing limit after raising it by $5 trillion last year.
According to a Politico report, independent forecasts suggest the U.S. could reach the so-called X-date — when the government risks being unable to meet all of its obligations — sometime between next summer and early 2028.
The country’s national debt currently stands at nearly $39.7 trillion, while the borrowing limit is about $41.1 trillion.
White House officials have reportedly discussed including another debt-limit increase in a Republican-backed spending package before the November midterm elections.
Such a move could help Trump avoid a potentially difficult negotiation with Democrats if Republicans lose control of either chamber.
Republicans Consider Another Debt-Limit Increase
Senate Majority Leader John Thune (R-S.D) said Wednesday that the debt ceiling is an issue lawmakers are considering, while acknowledging that the country’s growing debt deserves greater attention.
"$40 trillion in debt, seems to me, should get our attention," Thune told reporters.
He said Congress could potentially address the borrowing limit during the lame-duck session after the November election but before the next Congress is seated.
The Treasury Department is expected to reach the current borrowing cap sometime in the first half of next year. However, it could use temporary accounting measures to continue paying government obligations for several additional months.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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