Get all your news in one place.
100's of premium titles.
One app.
Start reading
Latin Times
Latin Times
National
Taylor Odisho

Treasury Secretary Mocked for Proposing to Raise the Debt Ceiling Without Using 'Any Gimmicks': 'Printing Money IS the Gimmick'

Scott Bessent asserted the Trump administration will not default on its debts despite the treasury potentially running out of money in July. (Credit: Kayla Bartkowski/Getty Images)

U.S. Treasury Secretary Scott Bessent was mocked online after testifying before a House appropriations subcommittee that the Trump administration plans to raise the debt ceiling without relying on "any gimmicks."

"The United States government will never default," Bessent asserted during a Tuesday hearing. "We will raise the debt ceiling, and treasury will not use any gimmicks."

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.