Reported 2 days ago
Treasury Secretary Scott Bessent reassured that the US will never default as the deadline for raising the federal debt ceiling approaches. In an interview, he emphasized that the government is on the right track to meet its obligations, dismissing concerns about a potential bond market failure voiced by JPMorgan's Jamie Dimon. Meanwhile, complex negotiations surrounding President Trump's tax and spending bill could influence the outcome, with the US Senate set to address the issue this week.
Source: YAHOO