The Treasury Department will begin using accounting moves soon to keep from defaulting. The House Freedom Caucus says its ...

Treasury Secretary nominee Scott Bessent warned that the U.S. faces an economic crisis that will hammer middle- and working-class people if the 2017 Republican tax cuts aren’t extended when a swath of ...

Scott Bessent, President-elect Donald J. Trump’s choice to be Treasury secretary, will be in charge of steering the president’s economic agenda if confirmed by the Senate.

Speaker Mike Johnson (R-La.) on Tuesday said he is “not wed” to including a debt limit increase in the reconciliation package ...

Government deficits are the difference between annual revenues and expenditures, and the national debt is the sum of past ...

The Treasury will soon have to start running down its cash reserves and turn to “extraordinary measures” to pay the ...

There has been endless speculation about the chaos that may (or may not) await America and the world following United States President-elect Donald Trump's inauguration on Jan. 20. No one knows how ...

The need for a debt limit hike of trillions and signs of growing bond market concerns could trim Republican economic plans ...

President-elect Donald Trump's nominee to lead the Treasury Department said federal spending is "out of control." ...

Donald Trump's nominee for Treasury chief spoke Thursday of ushering in "a new economic golden age," as he faced grilling by ...

Scott Bessent, Donald Trump's pick to serve as Treasury Secretary, handled a policy-heavy confirmation hearing with poise, highlighting his preference for relaxed bank regulation, support of the 2017 ...

The arrival of a new presidential administration invokes new beginnings and a break from the past. Still, realities from previous administrations remain, such as a fiscal challenge that demands ...