US EditionBessent Says US Will Never Default as Congress Faces Deadline
- Treasury Secretary Scott Bessent stated on CBS's Face the Nation on Sunday that the U.S. Will never default as the federal debt ceiling deadline approaches.
- The approaching debt ceiling deadline arises amid complex negotiations, as Republican leaders link its increase to President Trump's tax and spending bill.
- Bessent pushed back against Jamie Dimon's warning of a bond market crack, emphasizing that Dimon's predictions historically have not come true.
- Bessent emphasized that the U.S. Will meet its debt obligations and will not fail to pay its debts, while outlining a gradual plan to reduce the deficit over the next four years to preserve investor trust.
- Despite fiscal pressures and expert warnings, Bessent's statements imply that the U.S. Will meet its obligations on time, though the outcome depends on ongoing legislative negotiations.
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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…
·United States
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Investors are nervous about the US public debt. Finance Minister Scott Bessent tries to reassure investors: "The US will never go bankrupt."
·Zürich, Switzerland
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Coverage Details
Total News Sources40
Leaning Left3Leaning Right8Center8Last UpdatedBias Distribution42% Center, 42% Right
Bias Distribution
- 42% of the sources are Center, 42% of the sources lean Right
42% Right
L 16%
C 42%
R 42%
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