GOP Rep. Ryan Zinke of Montana responded to the draft of the GOP mega bill that includes Trump’s demand for a debt hike, ...

Congressional Republicans need to act for a few reasons. First, many of the tax cuts passed in 2017 under the first Trump ...

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 debt-ceiling "X date" for when the U.S. is expected to run short on funds unless Congress acts to raise the debt limit ...

WASHINGTON – Treasury Secretary Scott Bessent urged congressional leadership to raise the debt ceiling by mid-July, in a ...

The U.S. is on track to run out of money to pay its bills as early as August without congressional action, Treasury Secretary ...

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

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

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 bor ...

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

Treasury Secretary Scott Bessent repeated his warning that his department is on the “warning track” toward exhausting its ...