Treasury Minister Bessent pledges to us that you will never fail from the national religion

Treasury Secretary Scott Bessin On Sunday he said that the United States government will never fail to debt that the federal government is facing a final date waving on the horizon to address the debt limit this summer.

Bessent appeared on CBS News “Confronting the Nation” He was asked about the tax package offered by Republicans in Congress, which includes an increase of $ 4 trillion in debt limit – enough to expel the debt ceiling nearly two years given that the federal budget deficit is close to $ 2 trillion annually.

“How near the brush with the default can have been” possible changes to the bill and the Congress that needs to raise the debt limit by mid -July.

“Well, first and foremost, Margaret, I will say that the United States of America will never be backward,” Pesin answered. “This will never happen, and we are on the warning path and we will never hit the wall.”

MOODY reduces the American credit rating on the height of debt

BESSENT was asked if he believed that the government has more maneuvering if it does not raise the debt limit by mid -July.

The treasury minister responded and said, “We do not give X dateBecause we want to use this to push the bill forward. “

Budget analysts estimated that the so-called “X Date”-when the Treasury Ministry will exhaust the budget tools known as the extraordinary measures that you use Debt payments – It is likely to reach late summer.

The United States faces virtual risks in August if the debt limit is not raised

Non -partisan Congress Budget Office In March, it is estimated that these extraordinary measures “may be exhausted in August or September 2025” and noted that there is a state of uncertainty due to the potential differences in government tax groups and spending, which may mean that it arrives early or later this range.

The Politics Center also issued an estimate in March, which reflects that uncertainty, as the date of X will reach between mid -July and early October.

Treasury Secretary Scott Payet refuses to reduce credit in Moody’s in the United States as a “backward indicator”

When the exceptional measures of the Ministry of Treasury are exploited, the federal government can be forced to fail to pay the debt obligations, which the Omani Central Bank report “can lead to distress in credit markets, disturbances in economic activity, and rapid increases in borrowing rates for the treasury.”

Fears about Financial health The federal government’s path recently prompted MOODY to reduce the American first -class credit rating from AAA to AA1, becoming the third of the three major credit rating agencies to reduce the credit rating of the US government since 2011.

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Moody’s said the classification “reflects the increase more than a decade in government debt rates and pays benefits to much higher levels than kings classified in the same.”