The Congressional Budget Office warned that the federal government could run out of enough money to pay all of its bills on time as soon as August if lawmakers fail to raise or suspend the debt ...

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.

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 ...

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 ...