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Treasury secretary, debt ceiling and Congress

Associated Press News on MSN · 5h

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.

CNN on MSN · 6h

Congress needs to address debt ceiling before its August recess to prevent default, Treasury secretary says

Lawmakers have until August to address the debt ceiling or the US could default on its obligations for the first time ever, Treasury Secretary Scott Bessent wrote to congressional leaders Friday, urging them to act even sooner,

USA TODAY on MSN · 5h

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.

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Rep. Mark Pocan Grills Treasury Secretary Bessent: "Who Pays Tariffs?"

Democratic Rep. Mark Pocan asked Treasury Secretary Scott Bessent on Tuesday during House testimony: "Who pays tariffs?" REP.

Public Broadcasting Service (PBS)3d

WATCH: Treasury Secretary Bessent testifies on the White House’s 2026 budget request

Treasury Secretary Scott Bessent testified on Capitol Hill Tuesday for the first time since his confirmation in January.

‘AI boom’ will make up for IRS workforce cuts, Treasury secretary says

Scott Bessent told House lawmakers that better IT and artificial intelligence will “enhance collections” at the tax agency, ...

2don MSN

US Treasury Secretary expresses support for crypto bills at hearing

Speaking at a hearing, US Treasury Secretary Scott Bessent suggested support for two crypto-related bills moving through ...

4don MSN

Treasury secretary touts ‘golden age economy’ in Milken speech but says little on tariffs

Scott Bessent predicted that “trading relations will be stronger” but largely avoided the topic of tariffs in an onstage ...

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Treasury Secretary Bessent sells tariffs rhetoric to Wall Street by talking up deregulation and tax cuts

At the Milken conference, Scott Bessent emphasized how tariffs, tax cuts, and deregulation will solidify America as 'the home ...

Treasury Secretary Bessent Blasts Senate for Blocking GENIUS Stablecoin Bill

Scott Bessent has slammed the Senate for blocking the GENIUS Act, warning it weakens U.S. crypto leadership ahead of the 2026 ...

6h

McKernan, in limbo as CFPB nominee, to get a shot at Treasury

Jonathan McKernan, awaiting a Senate vote on his nomination to lead the CFPB, will get tapped for another job at the Treasury ...

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