Washington: Treasury Secretary Scott Bessent has told US lawmakers that his department's ability to use special accounting ...

House Republicans are moving forward with plans to raise the nation’s debt ceiling by $4 trillion as part of a larger plan to ...

GOP Rep. Ryan Zinke of Montana responded to the draft of the GOP mega bill that includes Trump’s demand for a debt hike, which would punt the problem for another few years.

House Appropriations Chair Tom Cole (R-Okla.) said Sunday that he does not believe “we’ll have a debt limit suspension” a few ...

The announcement raises the stakes for Republicans, who are tying a $5 trillion debt limit increase to a legislative package.

The debt-ceiling "X date" for when the U.S. is expected to run short on funds unless Congress acts to raise the debt limit ...

Treasury Secretary Scott Bessent repeated his warning that his department is on the “warning track” toward exhausting its ...

WASHINGTON – Treasury Secretary Scott Bessent urged congressional leadership to raise the debt ceiling by mid-July, in a ...

“I respectfully urge Congress to increase or suspend the debt limit by mid-July, before its scheduled break, to protect the full faith and credit of the United States,” Bessent wrote. The ...

The Treasury Department said Friday it would likely run out of cash to pay the nation’s bills by August, setting a new, ...

There’s also a key difference in how both GOP-led chambers plan to address the debt limit in instructions for the budget framework Republicans adopted last month. While the House’s plans call ...

This debt is controversial in Malaysia. The first problem is that the debt limit was created by the government itself. Since a political party can only form a government in Malaysia if it has a ...