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Bessent Lays Out Big Problem: CBO's Cost Scoring of 'Big Beautiful Bill'
Treasury Secretary Scott Bessent took issue with the Congressional Budget Office's scoring of the "One Big Beautiful Bill," ...
Bessent says it’s wrong to think Congress is moving bond market
U.S. Treasury Secretary Scott Bessent on Friday offered his take on the bond market’s moves, after many analysts said a surge in Treasury yields was ...
Bessent urges Congress to act on debt limit by mid-July
Treasury Secretary Scott Bessent called on Congress Friday to raise the nation’s debt ceiling by mid-July to keep the federal government from defaulting on its more than $36 trillion debt. In a ...
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 ...
Committee for a Responsible Federal Budget3dOpinion
House Bill Would Put 3% Deficit Far Out of Reach
In Fiscal Year (FY) 2027, we estimate the House reconciliation bill would boost deficits to about 7.0 percent of GDP, which ...
Bessent: Countries bringing ‘good proposals’ with ‘a few exceptions’
Treasury Secretary Scott Bessent stated that the Trump administration’s tariff overhaul has positioned the U.S. for better ...
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, ...
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, ...