As debt surpasses $40 trillion, the bill for Washington spending comes due The Washington PostOpinion | $40 Trillion Debt? The Ancient Sumerians Wouldn't Have Cared. The New York TimesVance: Bessent has ‘very discreet plan' to shrink $40 trillion national debt The HillBessent says there's a 'very good chance' U.S. budget deficit under Trump has peaked CNBC
The surprising move this week by Treasury Secretary Scott Bessent to intervene in Treasury markets to lower the cost of government debt undercuts the credibility of Federal Reserve Chairman Kevin Warsh to make interest-rate policy, experts said.
