Treasury's Next Move: Restarting Short-Term Debt Issuance

U.S. Treasury Secretary Scott Bessent announced that the country's financing needs could see an uptick following the enactment of a significant tax cut and spending bill initiated by Republicans.

Speaking on Bloomberg Television, Bessent highlighted that the legislation alleviates the ongoing debt ceiling challenges, allowing the Treasury more flexibility.

In response, the Treasury plans to issue more short-term debt bills to replenish the Treasury general account once current constraints are lifted.

(With inputs from agencies.)