Treasury Secretary Scott Bessent reassured that the U.S. would not default on its debt amid rising investor concerns over the federal budget. He dismissed warnings from JPMorgan’s Jamie Dimon regarding potential bond market instability due to increasing debt tied to President Trump’s proposed budget, which could add $3 trillion over the next decade. Despite opposition in Congress and a recent court ruling affecting Trump’s tariff plans, Bessent and other administration officials maintain that the budget will spur economic growth and reduce the deficit over time.
