News

Bessent urges Congress to act on debt limit by mid-July
Treasury Secretary Scott Bessent called on Congress Friday to raise the nation’s debt ceiling by mid-July to keep the federal government from defaulting on its more than $36 trillion debt. In a ...
Bessent says it’s wrong to think Congress is moving bond market
U.S. Treasury Secretary Scott Bessent on Friday offered his take on the bond market’s moves, after many analysts said a surge in Treasury yields was ...
U.S. could face default by August if Congress doesn't address debt ceiling, Bessent says
The so-called "X-date" marks when the government could run out of borrowing power and face an unprecedented default without ...
Treasury secretary calls on Congress to raise or suspend the debt ceiling by mid-July
WASHINGTON (AP) — The U.S. is on track to run out of money to pay its bills as early as August without congressional action, ...
Bessent: Countries bringing ‘good proposals’ with ‘a few exceptions’
Treasury Secretary Scott Bessent stated that the Trump administration’s tariff overhaul has positioned the U.S. for better ...
Committee for a Responsible Federal Budget3dOpinion
House Bill Would Put 3% Deficit Far Out of Reach
In Fiscal Year (FY) 2027, we estimate the House reconciliation bill would boost deficits to about 7.0 percent of GDP, which ...
U.S. likely to hit debt limit X-date in August, Treasury says
Treasury Secretary Scott Bessent wrote in a letter to congressional leaders that “there is a reasonable probability” the ...