Republican congressional leaders have attached an increase in the debt limit to President Donald Trump’s tax and spending bill, which potentially puts avoiding a default at the mercy of complex negotiations over the legislation. The US Senate returns this week to take up the bill.
Treasury Secretary Scott Bessent said the US “is never going to default” as the deadline for increasing the federal debt ceiling gets closer.
“That is never going to happen,” Bessent said Sunday in an interview with CBS’s Face the Nation. “We are on the warning track and we will never hit the wall.”
