Bessent’s Warning To Congress
Washington, D.C. — As America’s unsustainable $36 trillion debt continues to climb, Treasury Secretary Scott Bessent is calling on Congress to take immediate action — warning that failure to raise the federal debt ceiling by mid-July could trigger a national economic crisis with far-reaching consequences for retirees, small businesses, and everyday taxpayers.
In a letter sent Friday to House Speaker Mike Johnson (R-La.), Bessent warned that the federal government could run out of cash and emergency financial measures by August — precisely when lawmakers are scheduled to be away on their summer recess.
“To preserve the full faith and credit of the United States, Congress must act before its break,” Bessent urged, highlighting the risk to financial markets, U.S. creditworthiness, and consumer confidence.
GOP Seeks to Raise Debt Ceiling Without Democrat Interference
With President Donald J. Trump back in the White House and Republicans in control of Congress, lawmakers are exploring a smarter solution: using budget reconciliation to raise the debt limit without caving to far-left demands. This move would allow the GOP to advance conservative priorities — including tax relief, energy independence, and border security — while avoiding another hostage situation led by progressive spending extremists.
No backroom deals. No liberal concessions. Just responsible governance.
But the reconciliation process creates a tight deadline, as Republicans work to finalize a massive budget bill before the government’s borrowing capacity runs dry.
Debt Ceiling Games Under Biden Led to Credit Downgrade and Market Turmoil
The last time the debt ceiling was suspended was under former President Biden in 2023, following a messy, months-long standoff. That political tug-of-war delayed essential payments, spooked investors, and earned the U.S. yet another damaging credit downgrade. Conservatives remember all too well how Biden-era overspending put future generations — and senior citizens — at risk.
Now, with Trump restoring order in Washington, Republicans are focused on fiscal sanity and protecting core programs like Social Security and Medicare — without expanding the size of government or enabling reckless borrowing.
Bessent: Delaying Action Will Hurt Retirees, Taxpayers, and the U.S. Economy
In his warning, Secretary Bessent made it clear: delaying action on the debt ceiling risks real harm to the economy.
“Past episodes show that waiting until the last minute to act can cause severe market volatility, damage to the economy, higher borrowing costs, and loss of confidence,” he wrote.
An April 2025 report from the Treasury Borrowing Advisory Committee reinforced those concerns, noting that failure to act could result in “increased financial instability,” greater risks of default, and a significant hit to America’s standing on the world stage.
Conclusion: Time Is Running Out — Congress Must Act Now
With just weeks left before the debt deadline, the stakes couldn’t be higher. Conservatives are demanding accountability, fiscal restraint, and real leadership — not more bureaucratic mismanagement or trillion-dollar blank checks.
America cannot afford another default scare. Congress must raise the debt ceiling the right way — without compromising conservative principles or selling out future generations.
