Congress and the White House barrel toward a June 1 deadline to resolve a debate over the debt ceiling, putting the credit and trust of the United States on the line. The Congressional Budget Office ...
Treasury Secretary Scott Bessent has overseen $1.8 trillion in new debt issuance since the One Big Beautiful Bill Act lifted the debt ceiling. Bessent prioritized short-term Treasury Bills, with 60% ...
The recently passed One Big Beautiful Bill Act increased the debt limit to $41.2 trillion, or 136 percent of GDP. Some believe that Congress will have to raise the debt limit again before the 2026 ...