Treasury Secretary Scott Bessent advised US lawmakers that his division’s potential to make use of particular accounting maneuvers to remain inside the federal debt restrict could possibly be exhausted in August.
Bessent, in a letter to Home Speaker Mike Johnson, mentioned that “after reviewing receipts from the latest April tax submitting season, there’s a affordable chance that the federal authorities’s money and extraordinary measures might be exhausted in August whereas Congress is scheduled to be in recess.”
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