A proposed $5 trillion debt limit increase could make it hard for Republicans to maintain their fiscal hawk credibility. By Alan Rappeport Reporting from Washington For years, Republicans have warned ...

Treasury Secretary Scott Bessent testifies before the House Committee on Appropriations, Subcommittee on Financial Services and General Government, oversight hearing of the U.S. Department of the ...

The U.S. is once again approaching its debt ceiling, and failure to raise it could trigger a chain reaction across global markets. This video breaks down what’s at stake—from interest rates and credit ...

WASHINGTON, D.C. — Congress is taking action Thursday to avert a government shutdown. However, lawmakers are doing so by not addressing the debt ceiling. Treasury Secretary Janet Yellen has said if ...

In 2023, a stalemate between then-President Joe Biden and congressional Republicans over the debt ceiling prompted panic among financial analysts and everyday Americans alike. The deal they struck, ...

Lawmakers should raise the nation’s borrowing limit by mid-July to prevent the federal government from defaulting on its bills while Congress is away for its August recess, Treasury Secretary Scott ...

(Reuters) -U.S. Treasury Secretary Scott Bessent on Friday urged Congress to raise the federal government's debt limit by mid-July to avoid a default that would upend global markets. Bessent told ...

House Republicans are moving forward with plans to raise the nation’s debt ceiling by $4 trillion as part of a larger plan to advance President Trump’s tax agenda. The proposal, which was included in ...

Sen. Rand Paul (R-KY) and Charlie Kirk discuss the "Big, Beautiful Bill" and what it will take for him to support the bill. "I was his biggest defender against two impeachments. We'll do it again.

You may not be asking for more credit—but your bank’s systems could be giving it to you anyway. New research from King’s ...

WASHINGTON — For years, Republicans have warned about the government’s reliance on borrowed money to pay its bills. That stance has often led to standoffs over raising the nation’s borrowing cap, with ...