US Treasury Secretary: May Meet Initial Financing Needs by Issuing Short-Term Debt

According to a report by Jinse Finance, U.S. Treasury Secretary Bessent stated on Thursday that following the enactment of the Republican Party’s comprehensive tax cut and spending bill, the United States’ financing needs may increase. After the debt ceiling restriction is lifted, the Treasury may replenish its general account by issuing more short-term U.S. Treasury bonds. Bessent said, “This legislation also helps us get out of that terrible debt ceiling predicament, which previously forced us to limit debt issuance. Therefore, we are very likely to initially replenish the Treasury’s general account by issuing short-term U.S. Treasury bonds.”