A key deadline for the government's borrowing limit is rapidly approaching, but lawmakers may not have to deal with it until ...
The new cohort of lawmakers could agree to once again suspend it. They could also get rid of the national debt cap altogether ...
The federal debt limit has no practical value. This suggests that ending it would be a good idea. Yet the laws of unintended consequences suggest that there are unforeseen effects that may be worse ...
Elon Musk has warned that the US could face bankruptcy if its rising $36 trillion national debt is not addressed.
Treasury Secretary Janet Yellen says her agency will need to start taking “extraordinary measures,” or special accounting ...
It brings a final close to days of upheaval after Congress approved a temporary funding plan just past the deadline and refused US ... that debt service next year will exceed spending on national ...
It brings a final close to days of upheaval after Congress approved a temporary funding plan just past the deadline and refused US President-elect ... borrowing costs such that debt service next year ...
The legislation would extend government funding until March 14, provide US$100 billion (S$135 billion) for disaster-hit states and US$10 billion for farmers. It would not raise the debt ceiling ...
US President Joe Biden said yesterday he was canceling student loans for an additional 55,000 Americans, which would amount to wiping out $4.28 billion in debt in his final month in office.