Treasury Secretary Scott Bessent said the US will not experience debt default despite concerns on Wall Street
Miruna Brosban
International
Foto: Dominic Gwinn/ZUMA Press Wire/Sh / Shutterstock Editorial / Profimedia
Always see our news on Google
Scott Bessent, the US Treasury Secretary, assured that the United States will never default on its debt on Face the Nation. He dismissed investors' fears about the federal debt, stressing that President Trump's budget proposal, which could increase the deficit, will not affect the country's financial stability. Bessent also noted that revenues from new tariffs could significantly help reduce the deficit. Criticism from the likes of Elon Musk and JPMorgan CEO Jamie Dimon did not deter Bessent, who reiterated his confidence in US debt management.
Latest News
12:46
MoD: 18 drones entered Romanian airspace in 2026
12:22
The ambassador of the Russian Federation was summoned to the Ministry of Foreign Affairs of Romania after the recent drone incidents.
12:12
The Vrancea seismic zone recorded three earthquakes on the night from Saturday to Sunday, the strongest having a magnitude of 3.5
12:00
Ilie Bolojan condemns the violation of Romania's airspace by Russia: "We consider it unacceptable"
11:46
The ANM has issued a yellow code for atmospheric instability for Monday, in several counties.
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
