The nonpartisan Congressional Budget Office (CBO) on Wednesday released a projection that the U.S. government will need to raise the debt limit before this fall to avoid a potential default on the ...

President Trump doubled down Wednesday on calls to scrap the nation’s debt ceiling, pressing for bipartisan action to abolish it and finding common ground with Democratic Sen. Elizabeth Warren (Mass.) ...

Note: A version of this episode first ran in 2023. Every year, the U.S. government spends more money than it takes in. In order to fund all that spending, the country takes on debt. Congress has the ...

WASHINGTON — Congressional Republicans have reached “consensus” on legislation that will increase the nation’s debt limit — while also extending tax cuts, deregulating energy policies and beefing up ...

U.S. Treasury Secretary Scott Bessent didn't have an estimated X-date, the time at which the Treasury expects to run out of cash to pay all the government's bills on time, he said in hearings before ...

Using the 14th Amendment to bypass the debt ceiling would "prevent devastating cuts to some of the most vulnerable people," Sen. Sanders said.

Treasury Secretary Scott Bessent called on Congress on Friday to raise the nation’s debt ceiling by mid-July to keep the federal government from defaulting on its debt. “Therefore, I respectfully urge ...

Ms. Warren is a Democratic senator from Massachusetts and was a candidate for president in 2020. It is possible that hell has frozen over. President Trump and I agree on something very important: ...

The Treasury Borrowing Advisory Committee recommends eliminating the Debt Ceiling, citing its lack of fiscal constraint and numerous negative impacts on the economy. The Debt Ceiling increases debt ...

T-bills are dwindling in supply, as the U.S. has been operating without a debt-ceiling fix since January The booming money-market-fund industry could soon face a shortage of its favorite assets to buy ...

Treasury Secretary Scott Bessent indicated that the federal government is at risk of running out of room to make good on all of its payment obligations on time as soon as May or June. “We are going to ...

TORONTO (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 ...