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Bessent Says US Will Never Default as Congress Faces Deadline
- U.S. Treasury Secretary Scott Bessent said on Sunday that the United States will never default on its debt as the federal debt ceiling deadline approaches.
- This statement follows complex negotiations because Republican leaders link raising the debt limit to President Trump's tax and spending bill, increasing legislative difficulty.
- Bessent confronted warnings from JPMorgan CEO Jamie Dimon about a possible bond market disruption by noting Dimon's repeated unmet predictions and reaffirming steady deficit reduction plans.
- Bessent declared, "That is never going to happen," dismissing default fears while emphasizing the goal to lower the deficit slowly over the next four years.
- The Treasury Secretary’s reassurance aims to maintain investor confidence as the Senate prepares to consider debt ceiling legislation amid uncertain outcomes.
37 Articles
37 Articles
Fox Business
Treasury's Bessent says US is 'never going to default' as debt limit deadline looms
Treasury Secretary Scott Bessent on Sunday said that the U.S. government will never default on its debt as the federal government faces a looming deadline to address the debt limit this summer.Bessent appeared on CBS News' "Face the Nation" and was asked about the tax package that Republicans in Congress are advancing, which includes a $4 trillion increase in the debt limit – enough to push the debt ceiling out roughly two years given federal bu…
Investors are nervous about the US public debt. Finance Minister Scott Bessent tries to reassure investors: "The US will never go bankrupt."
US 'Never Going To Default,' Says Scott Bessent, Dismissing Jamie Dimon's Debt Crisis Warnings: 'For His Entire Career…' - JPMorgan Chase (NYSE:JPM)
Scott Bessent, the U.S. Treasury Secretary, assured that the country will not default on its debt, even as the deadline for raising the federal debt ceiling approaches.
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