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
21:16
Constanța: A fragment of a drone was recovered from the water by the EOD team after the MApN was alerted. It does not present explosive charge.
20:48
CSM requests public clarifications regarding the meeting between the president of the CCR, Elena-Simina Tănăsescu, and the interim prime minister Ilie Bolojan
20:26
The largest wildfire in Belgium has destroyed 3,000 hectares and is heading towards Germany
20:05
Former American officials are calling for the withdrawal of George Simion's visa due to his controversial political positions.
19:38
Salvamont Dâmbovița announces that access to Lake Scropoasa and the 7 Izvoare waterfall is interrupted due to the bridge breaking in the Zănoaga area.
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
