Tax & Spend

Bessent Says Debt Limit Measures Could Run Out in August

Scott Bessent
Photographer: Pete Kiehart/Bloomberg

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By Daniel Flatley and Gregory Korte

May 9, 2025 at 8:44 PM UTC

Updated on

May 9, 2025 at 9:01 PM UTC

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Treasury Secretary Scott Bessent told US lawmakers that his department’s ability to use special accounting maneuvers to stay within the federal debt limit could be exhausted in August.