Washington, Jan 16, 2025 (AFP) - Bessent says US won't default on debt if he is confirmed for Treasury

NAMPA / AFP

2025-01-16

US President-elect Donald Trump's nominee to helm the Treasury Department, Scott Bessent, said Thursday that the world's biggest economy would not default on its debt if he were confirmed to the top economic role. Bessent also likened removing the country's debt ceiling -- a limit on government borrowing to pay for bills already incurred -- to taking out a car's handbrake. But he said he would work with Trump to eliminate the limit if the preside......

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Law & Politics

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