Trump called for the complete abolition of the US debt ceiling

The US government debt ceiling is too destructive and should be completely abolished in order to avoid an "economic catastrophe," American leader Donald Trump said on June 4.

"The national debt limit must be completely lifted to prevent an economic catastrophe," he wrote on the Truth Social network.

Trump believes that the debt ceiling is too destructive and should not be entrusted to American politicians who may want to take advantage of it, despite the "terrifying" consequences both for the United States and indirectly for the whole world.

The head of the US Treasury Department, Scott Bessent, announced on May 9 that in August the United States could face default due to its national debt if the US Congress does not raise or suspend the debt limit. At the same time, he called on congressional staff to increase or suspend the debt limit by mid-July. Currently, the US national debt is over $36 trillion.