Scott Bessent, who took the Treasury’s helm in January, told lawmakers in his confirmation hearing the US “is not going to default on its debt” with him in the job. Congressional Wrangling ...

The Congressional Budget Office estimated that the U.S. faces the risk of defaulting on its debt in August or September if lawmakers don't act to raise the debt limit before then.

In all, some 42 million borrowers owe more than $1.6 trillion in student debt, according to the DOE. If the borrowers ...

Ukraine said Thursday that it failed to strike a deal to restructure $2.6 billion of debt securities, heightening its risk of ...

On April 16, US further hiked tariffs on exports from China to 245 per cent. "The tariffs have shocked financial markets and are raising the risk of a global economic recession. Continued ...

The Education Department will begin collection next month on student loans that are in default, including the garnishing of ...

Bloomberg's Mike Dorning has more on the story. Sky announces 2,000 customer service centre jobs at risk The gigantic Russian Ekranoplan aircraft carrier Scientists identify specific cognitive ...