U.S. could face default by August if Congress doesn't address debt ceiling, Bessent says

https://www.cbsnews.com/news/u....-s-could-face-defaul

U.S. could face default by August if Congress doesn't address debt ceiling, Bessent says - CBS News
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U.S. could face default by August if Congress doesn't address debt ceiling, Bessent says - CBS News

The so-called X-date marks when the government could run out of borrowing power and face an unprecedented default without action from Congress to address the debt limit.