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.

The US can't escape a looming wave of inflation ... which is contributing to inflation risk. President Donald Trump's sweeping duties have made this conversation all the more relevant, as economists ...

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 ...

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 CBO ...

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 limit.