Bessent Signals US on Debt-Limit ‘Warning Track’ for May or June
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Treasury Secretary Scott Bessent indicated that the federal government is at risk of running out of room to make good on all of its payment obligations on time as soon as May or June.
“We are going to go onto the warning track sometime in May or June,” Bessent said in an interview with Bloomberg Television Wednesday. “If the debt ceiling is resolved via reconciliation, then it has to be done” before the so-called X-date is reached, he said.