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Treasury secretary, debt and Congress

The Associated Press on MSN · 2h

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 · 11h

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 · 7h

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.

Trump Floats a Lower Tariff for China

ABC News on MSN · 16h

Trump floats lower tariffs on China. What would it mean for prices?

President Donald Trump on Friday voiced a willingness to ease tariffs on China, saying on social media it "seems right" to slash levies from 145% to 80%. The announcement arrives a day before Treasury Secretary Scott Bessent is set to begin trade negotiations with Chinese officials at a meeting in Geneva,

The Washington Post on MSN · 19h

Trump suggests lowering tariffs on China ahead of talks

President Donald Trump said Friday that the United States could lower tariffs on China to 80 percent ahead of a meeting this weekend between his top aides and their counterparts from Beijing. Treasury Secretary Scott Bessent and U.

MarketWatch on MSN · 15h

Trump floats 80% tariff on China. Here’s why that level could sink this weekend’s talks.

President Donald Trump has made a fresh move in his trade war with China, saying that an 80% tariff on Chinese products “seems right” but determining the correct level is up to Treasury Secretary Scott Bessent.

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 ...

4don 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 ...

‘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, ...

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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

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 ...

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.

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 ...

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