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Bessent Says US Could Hit Debt Limit

Associated Press News on MSN · 2d

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.

The Washington Post on MSN · 2d

Congress should raise debt limit by July to avoid default, Bessent says

Lawmakers should raise the nation’s borrowing limit by mid-July to prevent the federal government from defaulting on its bills while Congress is away for its August recess, Treasury Secretary Scott Bessent said Friday.

USA TODAY on MSN · 2d

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.

3hon MSN

House GOP spending chief: ‘I don’t think we’ll have a debt limit suspension’

House Appropriations Chair Tom Cole (R-Okla.) said Sunday that he does not believe “we’ll have a debt limit suspension” a few ...

3h

Ticker: Debt ceiling looms again; Profits at Aramco down 4.6%

The U.S. is on track to run out of money to pay its bills as early as August without congressional action, Treasury Secretary ...

Rand Paul Torches Fellow Republicans ‘Falling Over Themselves to Vote tor the Largest Debt Ceiling Increase’ Ever

Sen. Rand Paul (R-KY) slammed his fellow Republicans" over a plan to increase the debt ceiling by $5 trillion.

3dOpinion

You might not like the solution to the debt crisis, but here's how to fix America's spending problem

Preserving the American Dream means making some smart, targeted moves now—so we don’t lose everything later. Slightly higher ...

3d

Ohio lawmakers want to keep medical debt from crushing patients

A bipartisan bill in the Ohio House aims to make life easier for Ohioans who get hit by unexpected medical costs.

5don MSN

What is the total cost of collection debt?

When a credit card debt goes into collections, you still owe the original balance — but on top of that, most creditors will ...

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