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 ...

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

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

The debt ceiling is the limit placed by Congress on the amount of debt the government can accrue. In order to pay its bills to those it borrowed from and dole out money for everything from Medicare ...

The OBBB Act raises the debt ceiling and impacts Treasury strategies with $2 trillion in new T-Bills forecasted. Click here ...

Stay updated on government spending news, budget allocation, and fiscal policies. Explore insights into government expenditures, budget decisions, and their impacts on the economy with Fox Business ...

History supports Moody’s assessment that “successive US administrations and Congress have failed to agree on measures to ...

Treasury Secretary Scott Bessent said the U.S. government will never default on its debt obligations as Congress faces a debt limit deadline that could arrive as early as mid-July.

Behind on federal student loans? Suze Orman shares the one step you should take now to avoid bigger financial trouble.

The Department of Education announced Monday that it will resume collections on student loan debt next month, including by garnishing the wages of borrowers in default.. Collections, which have ...

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

Borrowers who have defaulted on their student loans will no longer be at risk of having their Social Security benefits garnished, an Education Department spokesperson said Tuesday ...