Treasury Secretary Scott Bessent has firmly stated the U.S. “will never default” as the debt ceiling deadline nears, urging Congress to act by mid-July to avoid market disruption. While Bessent declined to provide a specific ‘X-date’ for when borrowing authority runs out, he emphasized that such deadlines are meant to spur legislative action—not signal imminent crisis. His assurances come amid tense Senate negotiations over a major tax and spending bill, with Bessent highlighting the administration’s plan to gradually reduce the deficit. His messaging aims to reinforce confidence in U.S. financial resilience and global market stability during this pivotal moment
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