The head of the US Treasury ruled out declaring a default in the country

The U.S. government will not allow a default on the national debt. This was announced on June 1 by US Treasury Secretary Scott Bessant in an interview with CBS.

"I will say that the United States of America will never default. This will never happen," the head of the department said.

In addition, he stressed that the United States will never "run into a wall" because it is on the right track.

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At the same time, Bessent said on May 9 that the US national debt is more than $36 trillion. At that time, the American Treasury Secretary called on the staff of the United States Congress to increase or suspend the debt limit by mid-July. In his opinion, this could preserve the country's credibility and global authority.