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Treasury secretary, debt and Congress

The Associated Press on MSN · 1h

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, 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 · 7h

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 · 3h

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.

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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.

3don MSN

What Treasury Secretary Scott Bessent said at the Milken event (and how his critics responded)

Diane Brady at the Milken Institute Global Conference in Los Angeles. The big story: Trump’s movie tax may have the ...

2don MSN

Scott Bessent once partied with Rep. Maxine Waters in the Bahamas: ‘Better at the Electric Slide than I was’

This is the first time we’ve met, is that correct?” she asked, attempting to make a point about Bessent not being responsive ...

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Bessent to Rep. Velazquez: Telling You Details In Public Would Be "Detrimental" To Trade Negotiations

Rep. Nydia Velazquez grandstands while questioning Treasury Secretary Scott Bessent about ongoing trade negotiations during a ...

3don MSN

Scott Bessent says US doesn't want to decouple from China ahead of scheduled meeting with Chinese counterpart

Treasury Secretary Scott Bessent gives "The Ingraham Angle" an update on trade negotiations with China and their next talks ...

2don MSN

Treasury's Bessent says US should be 'premier destination' for digital assets

Treasury Secretary Scott Bessent testified before the House Financial Services Committee and discussed regulatory frameworks ...

‘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, ...

Treasury Secretary Bessent Blasts Senate for Blocking GENIUS Stablecoin Bill

Scott Bessent has slammed the Senate for blocking the GENIUS Act, warning it weakens U.S. crypto leadership ahead of the 2026 ...

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