US Treasury Secretary: there will be no default

In the United States, it was decided to raise the national debt ceiling, which makes default unlikely. This was announced by the head of the Ministry of Finance Scott Bessent during a hearing in the House Committee on Appropriations.

The minister assured that the United States would never allow a situation in which the country would be in default. He also stressed that the agency intends to avoid using any "deviations from the rules" and ensure an increase in the national debt ceiling.

At the end of February this year, the total U.S. government debt reached $36.5 trillion. Earlier, on March 26, the Congressional Budget Office warned that without an increase in the national debt limit, the US government could find itself in default by August 2025.

Prior to this, experts had outlined a time frame in which a default on US obligations could occur. According to their estimates, this could happen between mid-July and early October. They also noted that the exact timing depends on the level of budget revenues after the end of the tax season in April. Despite the projected compliance of tax collections with preliminary calculations, there is a possibility of a financial crisis in the first days of June.