U.S. Treasury Secretary Besant: We will avoid a default event that could disrupt global markets

PANews, June 1st - According to Jinshi reports, U.S. Treasury Secretary Besant stated on Sunday that the United States will never default on its debt as the Senate reviews a comprehensive tax and spending bill passed by the House, which includes provisions to raise the debt ceiling. "The United States will never default," Besant said in an interview with CBS. Besant urged Congress to raise the federal government's debt ceiling before mid-July to avoid a default event that could disrupt global markets.