Bessent declined to specify an “X date” — the point at which the Treasury runs out of cash and special accounting measures that allow it to stay within the debt ceiling.

Wall Street analysts and private forecasters see the deadline falling sometime between late August and mid-October.

Treasury Secretary Scott Bessent said the U.S. “is never going to default” as the deadline for increasing the federal debt ceiling gets closer.

“That is never going to happen,” Bessent said in an interview for CBS’ “Face the Nation” scheduled to air Sunday. “We are on the warning track and we will never hit the wall.”

Republican congressional leaders have attached an increase in the debt limit to President Trump’s tax and spending bill, which potentially puts avoiding a default at the mercy of complex neg

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