Rand Paul Opposes $5 Trillion Debt Ceiling Hike, Threatening Senate Passage

Republican Senator Rand Paul has vowed to block the current debt ceiling proposal, criticizing its $5 trillion borrowing increase as fiscally irresponsible. The Kentucky lawmaker, appearing on Fox News Sunday, framed his opposition as a principled stand against Washington’s spending culture.

While supporting elements like tax cuts and targeted spending reductions, Paul insists the overall package remains untenable. His resistance creates a new hurdle for Senate leaders racing to pass the bill before July 4, as demanded by the WHITE House.

The stalemate highlights growing fractures within the GOP over fiscal policy, with deficit hawks like Paul clashing with party leadership. Market analysts suggest prolonged uncertainty could ripple through Treasury markets, though cryptocurrency traders appear largely indifferent to the political brinkmanship.