You, future Congress 2028, will have the spine to cut spending and raise taxes.

Financial markets are sending the politicians in Washington, D.C., an urgent message: It’s time to start dealing with the ...

Two days after the downgrade, a House committee voted to move forward a bill that would increase deficits by nearly $3 ...

The government will exhaust resources to pay its bills in August, but Congress will be gone nearly all of that month.

The abdication of Congress’ role as the arena where political fights happen has turned the House and the Senate into a stew ...

Treasury Secretary Scott Bessent called on Congress Friday to raise the nation’s debt ceiling by mid-July to keep the federal ...

WASHINGTON (AP) — The U.S. is on track to run out of money to pay its bills as early as August without congressional action, ...

Lawmakers have until August to address the debt ceiling or the US could default on its obligations for the first time ever, ...

The so-called "X-date" marks when the government could run out of borrowing power and face an unprecedented default without ...

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

the ratings firm that downgraded the nation’s debt pointed to ongoing gridlock in Congress and the potential enactment of a Republican fiscal plan that is projected to add trillions of dollars ...

U.S. Treasury Secretary Scott Bessent on Friday urged Congress to raise the federal government's debt limit by mid-July to ...