The U.S. government’s debt is not a cause for concern, as it is self-funded and the Federal Reserve can always step in to ...

The United States of America is never going to default, that is never going to happen,” said U.S. Treasury Secretary Scott Bessent on June 1. History suggests that, when it comes to defaults, ...

President Donald Trump's tax-cut and spending bill, which passed Congress on Thursday, averts the near-term prospect of a U.S ...

Rising debt and interest expenses threaten US fiscal sustainability, with interests projected to consume a quarter of federal ...

Economists, investors and politicians have often warned that the U.S.’s growing debt burden would punish future generations.

While a government shutdown would be disruptive, a government default could be disastrous." Since the debt ceiling system was instituted in 1917, Congress has never not raised the debt ceiling.

The debt ceiling is the limit placed by Congress on the amount of debt the government can accrue. In order to pay its bills ...

The Office for Budget Responsibility’s warning piles fresh pressure on Rachel Reeves ahead of the autumn Budget ...

President Trump's budget bill will add to the US debt pile but is there a limit to how much the rest of the world will lend ...

Treasury Secretary Scott Bessent said the U.S. government will never default on its debt obligations as Congress faces a debt limit deadline in the wake of a credit downgrade.

Some 450,000 Americans aged 62 and older are in default on their student loans, the Consumer Financial Protection Bureau ...

A new projection of Washington's looming "X date" — when the US government will be unable to pay its bills because of the ...