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Treasury Secretary Mocked for Proposing to Raise the Debt Ceiling Without Using 'Any Gimmicks': 'Printing Money IS the Gimmick'
Despite warnings that the U.S. could run out of money by July, Scott Bessent insisted the country will not default on its ...
The Treasury Borrowing Advisory Committee Advocates For Abolishing The Debt Ceiling
TBAC advises eliminating the Debt Ceiling to curb market volatility, cut taxpayer costs, and prevent economic risks tied to ...
Bessent warns US on debt limit 'warning track' - report
U.S. Treasury Secretary Scott Bessent didn't have an estimated X-date, the time at which the Treasury expects to run out of ...
Bessent says $2 billion cut from IRS technology budget without disruptions
U.S. Treasury Secretary Scott Bessent on Tuesday said the Trump administration has cut $2 billion from the IRS information ...
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Bessent Warns That the US Has Reached the "Warning Line" of Debt, but Still Insists It Will Not Default
Once the US Treasury's so-called "extraordinary measures" or special accounting techniques are exhausted, the US government will face the risk of debt default unless legislators and the President ...
China won’t back down. Is an all-out trade war inevitable?
There are only losers in a trade war between the United States and China. Henry M. Paulson Jr., who was treasury secretary ...
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Bessent says $2 billion cut from IRS technology budget without disruptions
WASHINGTON, May 6 (Reuters) - U.S. Treasury Secretary Scott Bessent on ... would exhaust its borrowing capacity under extraordinary debt ceiling measures but said it was "not far away." ...
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Senator Cynthia Lummis says her BITCOIN Act legislation will clear US national debt
Senator Cynthia Lummis said on Friday that the BITCOIN Act legislation she introduced last year is the only way to stop the ...