Treasury Secretary Mocked for Proposing to Raise the Debt Ceiling Without Using 'Any Gimmicks': 'Printing Money IS the Gimmick'

Treasury Secretary Mocked for Proposing to Raise the Debt Ceiling Without Using 'Any Gimmicks': 'Printing Money IS the Gimmick'

Despite warnings that the U.S. could run out of money by July, Scott Bessent insisted the Trump administration will not default on its debts during a hearing on Tuesday.

U.S. Treasury Dealers Urge Scrapping Of Federal Debt Ceiling

The U.S. Treasury’s primary dealers have urged lawmakers to eliminate the federal debt ceiling, arguing that it raises debt service costs, fuels market volatility, and could undermine the dollar’s role as the world’s reserve currency.