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US Treasury secretary says date for debt ceiling could change

BY Reuters | ECONOMIC | 06/24/25 02:18 PM EDT

TORONTO, June 24 (Reuters) - U.S. Treasury Secretary Scott Bessent on Tuesday said the date for the nation to reach its debt ceiling could change if courts interfere with U.S. President Donald Trump's tariff policies.

"We will never default on national debt," he told reporters at the U.S. Capitol after meeting with lawmakers. Bessent separately said the U.S. Senate could vote on Friday on Republicans' tax and spending measure and that he was confident the House would then pass that version. (Reporting by David Morgan and Maiya Keidan; editing by Susan Heavey)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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