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Bessent Says US Could Hit Debt Limit

CBS News on MSN · 1d

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 action from Congress to address the debt limit.

USA TODAY on MSN · 1d

Treasury Secretary Scott Bessent: U.S. will hit debt limit in August

WASHINGTON – Treasury Secretary Scott Bessent urged congressional leadership to raise the debt ceiling by mid-July, in a letter sent May 9 and viewed by USA TODAY. Otherwise, the federal government will hit the current debt ceiling sometime in August, Bessent wrote.

The Washington Post on MSN · 1d

Congress should raise debt limit by July to avoid default, Bessent says

Lawmakers should raise the nation’s borrowing limit by mid-July to prevent the federal government from defaulting on its bills while Congress is away for its August recess, Treasury Secretary Scott Bessent said Friday.

4d

Bessent Says US on Debt-Limit ‘Warning Track,’ But No Timing Yet

Treasury Secretary Scott Bessent repeated his warning that his department is on the “warning track” toward exhausting its ...

Rand Paul Torches Fellow Republicans ‘Falling Over Themselves to Vote tor the Largest Debt Ceiling Increase’ Ever

Sen. Rand Paul (R-KY) slammed his fellow Republicans" over a plan to increase the debt ceiling by $5 trillion.

1don MSN

Policy uncertainty fuels rise in U.S. government debt hedging

The cost of insuring exposure to U.S. government debt has climbed noticeably over the past month and remains stubbornly high, ...

2dOpinion

You might not like the solution to the debt crisis, but here's how to fix America's spending problem

Preserving the American Dream means making some smart, targeted moves now—so we don’t lose everything later. Slightly higher ...

3d

Ohio lawmakers want to keep medical debt from crushing patients

A bipartisan bill in the Ohio House aims to make life easier for Ohioans who get hit by unexpected medical costs.

4don MSN

What is the total cost of collection debt?

When a credit card debt goes into collections, you still owe the original balance — but on top of that, most creditors will ...

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