Scott Bessent said the U.S. Will never default, despite rising debt ceiling concerns

Scott Bessent emphasized that the U.S. Government will never default on its debt. He did not specify an ‘X date’, but warned that a cash crunch could occur by August if the borrowing authority is not expanded, amidst complex political negotiations.

Bessent challenged warnings from Jamie Dimon regarding potential bond market disruptions, stating the deficit will decrease over the next four years. His comments come as lawmakers negotiate urgent measures tied to President Trump’s agenda.