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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 ...
Congress needs to address debt ceiling before its August recess to prevent default, Treasury secretary says
Lawmakers have until August to address the debt ceiling or the US could default on its obligations for the first time ever, ...
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, ...
Trump’s team has China trade talks in Switzerland as prez tries to lower 145% tariff rate
US economic officials met Saturday in Geneva with their Chinese counterparts for the start of high-stakes negotiations to ...
Bessent urges Congress to act on debt limit by mid-July
Treasury Secretary Scott Bessent on Friday called on Congress to raise the nation’s debt ceiling by mid-July to keep the ...
Tariff talks begin between US and Chinese officials in Geneva as the world looks for signs of hope
President Donald Trump last month raised tariffs on China to a combined 145%, and China retaliated by hitting U.S. imports ...
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Bessent pushes Congress to address debt ceiling by mid-July to avoid defaulting on US loans
The secretary urged them to come up with a solution before its annual break because there is a “reasonable probability” that the extraordinary measures the department is already implementing to pay ...
Debt limit to be hit by August, Bessent tells Congress
Special measures to keep the U.S. government under its debt limit could run out by August, Treasury Secretary Scott Bessent told lawmakers on Friday, according to multiple reports. In a letter to ...
U.S. could face default by August if debt ceiling not addressed, Bessent says
The so-called "X-date" marks when the government could run out of borrowing power and face an unprecedented default without ...