The White House is in full crisis mode, as Treasury Secretary Scott Bessent said Sunday that the U.S. was on the brink of a financial collapse thanks to reckless government spending over the past few years.

Treasury Secretary Scott Bessent on Sunday said he is "not worried" about the U.S. markets seeing long-term problems, saying there won't be a financial "crisis."

Treasury Secretary Scott Bessent said on Sunday there are 'no guarantees' there won't be a recession, but expressed confidence in the stock market.