WASHINGTON (AP) — The U.S. is on track to run out of money to pay its bills as early as August without congressional action, Treasury Secretary Scott Bessent warned Friday. He is calling on Congress ...
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, ...
Hosted on MSN
Trump's $5 trillion debt ceiling strategy could force Democrats to the negotiating table
President Donald Trump's hallmark legislation includes a staggering $5 trillion hike to the debt ceiling — a move that gives Republicans added leverage in bipartisan negotiations. With control of both ...
Concessions made by Speaker Kevin McCarthy heighten economic risk, experts said. House Speaker Kevin McCarthy, R-Calif., emerged with gavel in hand on Saturday after fierce Republican negotiations, ...
Most economists agree that if the U.S. were to ever reach the debt ceiling, the consequences would be catastrophic. While the U.S. continually wrestles with this borrowing cap, most other nations take ...
The Treasury Borrowing Advisory Committee recommends eliminating the Debt Ceiling, citing its lack of fiscal constraint and numerous negative impacts on the economy. The Debt Ceiling increases debt ...
For someone who hates debt, Rep. Tim Burchett made a remarkable acknowledgment after voting this month for a massive bill that included a $5 trillion hike to the nation’s credit card limit. “I feel ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results