Bessent Says Treasury on Debt-Limit 'Warning Track'
Treasury Secretary Scott Bessent said that his department is on the "warning track" toward exhausting its capacity to stay within the federal debt limit but refrained from offering a specific timeframe. "We will share with Congress when we believe we are approximating that date" when Treasury will be unable to pay the government's bills on time, Bessent said Tuesday. He spoke in response to questions from Rep. Steve Woman (R-AK) during a House Appropriations Committee hearing.
