Kevin Hassett rejects restructuring US Treasury debt

11 articles · Updated · Bloomberg · May 8

The White House National Economic Council director told Bloomberg TV on Friday the administration would not pursue any move resembling a debt default.
Hassett said investor Jeffrey Gundlach’s scenario for restructuring Treasury securities would effectively amount to default and was not under consideration.
The remarks underscore the administration’s insistence on protecting the full faith and credit of US government debt amid market sensitivity to any default-related signals.

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