U.S. debt ceiling is coming again? JPMorgan warns that U.S. debt may collapse, Bessenet: the U.S. will never default.

As the deadline for the U.S. debt ceiling approaches, JPMorgan CEO ( Jamie Dimon ) warned that the U.S. bond market may be "on the verge of collapse," but Treasury Secretary Yellen firmly stated that the U.S. "will never default."

Basel III: The United States "Will Never Default"

U.S. Treasury Secretary Scott Bessent ( stated firmly during an interview with CBS's "Face the Nation" over the weekend regarding the U.S. debt ceiling:

"We are on the alert line, but we will definitely not hit the wall."

The Republican congressional leaders have attached the provision to raise the debt ceiling to President Trump's tax and spending bill, which could subject the debt default issue to the complex negotiations surrounding the bill. The U.S. Senate will reconvene this week to review the bill.

Bessent declined to disclose a deadline during the interview, but he stated last month that if the debt ceiling cannot be raised or suspended before August, the United States is likely to exhaust its borrowing capacity.

According to a report by Bloomberg, most Wall Street analysts and private forecasters believe the deadline will be between the end of August and mid-October.

Rebutting JPMorgan CEO Dimon, there is no problem in the U.S. bond market.

Bezent also rebutted the warning from JPMorgan CEO Jamie Dimon ), who stated that the bond market is "about to collapse." Dimon said last Friday at the Reagan National Economic Forum that the bond market would face a collapse due to the "excessive" spending by the U.S. government and the Federal Reserve's quantitative easing policies.

Besant said:

"I have known Jamie for a long time, and throughout his entire career, he has made such predictions. Fortunately, none of these prophecies have come true. That is why he is a great banker. He always strives to look to the future."

Besant also promises:

"We will gradually reduce the deficit. This is a long process, so our goal is to reduce it over the next four years."

This article discusses the return of the U.S. debt ceiling? JPMorgan warns that U.S. bonds may collapse, and Bessent states: the U.S. will never default. First appeared on Chain News ABMedia.