Tag: United States Department of the Treasury

Politics

U.S. could face default by August if Congress doesn’t address debt ceiling, Bessent says

Washington — Treasury Secretary Scott Bessent told Congressional leaders Friday that the federal government could be unable to pay its bills as soon as August if Congress doesn’t act, urging lawmakers to address the debt limit by mid July. In a letter to House Speaker Mike Johnson, Bessent said after reviewing April tax filings, “there is […]

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