U.S. Treasury Secretary: May initially meet financing needs by issuing short-term bonds
2025-07-03 22:31:43
US financing needs are likely to rise following the passage of the Republican sweeping tax cut and spending bill, Treasury Secretary David Bescent said on Thursday. The Treasury is likely to replenish the Treasury account by issuing more short-term US debt after the debt ceiling limit is lifted. "This legislation also helps us get out of that terrible debt ceiling predicament, which is why we had to limit debt issuance," Mr. Bescent said. "So we are likely to replenish the Treasury's general account early on by issuing short-term US debt."
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