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Treasury secretary, debt ceiling and Congress

Associated Press News on MSN · 48m

Treasury secretary calls on Congress to raise or suspend the debt ceiling by mid-July

The U.S. is on track to run out of money to pay its bills as early as August without congressional action, Treasury Secretary Scott Bessent warned Friday. He is calling on Congress to either raise or suspend the debt ceiling by mid-July.

CNN on MSN · 1h

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 Scott Bessent wrote to congressional leaders Friday, urging them to act even sooner,

USA TODAY on MSN · 44m

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 letter sent May 9 and viewed by USA TODAY. Otherwise, the federal government will hit the current debt ceiling sometime in August, Bessent wrote.

A New Era in Trump-China Trade War

New York Post on MSN · 11d

Treasury Secretary Bessent says ‘it’s up to China’ — not the US — to de-escalate trade war

Treasury Secretary Scott Bessent on Monday signaled that a de-escalation of the trade war over President Trump’s harsh tariff rates would have to come from China — not the US.

U.S. News & World Report · 6h

A New Era in the Trump-China Trade War

President Donald Trump’s global trade war enters a new era this weekend, as Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer kick off talks in Switzerland with China’s top economic official.

The Atlantic · 1d

Trump’s Weak Position on Trade

This weekend, U.S. Treasury Secretary Scott Bessent will meet Chinese Vice Premier He Lifeng in Switzerland to begin negotiations over the trade war that has strangled commerce between the two powers,

2d

Rep. Mark Pocan Grills Treasury Secretary Bessent: "Who Pays Tariffs?"

Democratic Rep. Mark Pocan asked Treasury Secretary Scott Bessent on Tuesday during House testimony: "Who pays tariffs?" REP.

1h

McKernan, in limbo as CFPB nominee, to get a shot at Treasury

Jonathan McKernan, awaiting a Senate vote on his nomination to lead the CFPB, will get tapped for another job at the Treasury ...

2h

Trump taps CFPB director nominee Jonathan McKernan for Treasury post

McKernan previously served on the FDIC and held senior roles at the Federal Housing Finance Agency, the Senate, and the Treasury Department.

4d

Treasury Secretary Bessent sells tariffs rhetoric to Wall Street by talking up deregulation and tax cuts

At the Milken conference, Scott Bessent emphasized how tariffs, tax cuts, and deregulation will solidify America as 'the home ...

‘AI boom’ will make up for IRS workforce cuts, Treasury secretary says

Scott Bessent told House lawmakers that better IT and artificial intelligence will “enhance collections” at the tax agency, ...

Public Broadcasting Service (PBS)3d

WATCH: Treasury Secretary Bessent testifies on the White House’s 2026 budget request

Treasury Secretary Scott Bessent testified on Capitol Hill Tuesday for the first time since his confirmation in January.

8don MSN

Treasury Secretary Scott Bessent says bond yields are signaling it's time for the Fed to cut rates

The Treasury Secretary pointed to two-year Treasury yields as a signal that the market is ready for interest rate cuts from ...

The New Republic on MSN3dOpinion

Trump Treasury Secretary Crashes When Asked Easy Question on Tariffs

U.S. Judge Beryl Howell issued a permanent injunction against the president Friday night, ruling that his executive order ...

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