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 debt ceiling debate can feel a little bit like Groundhog's day: Same drama, different year. And, of course, the same warnings everywhere: That a U.S. default would have catastrophic ...

These are the people who will be impacted by a U.S. debt default Unless Congress acts to raise the federal debt limit, the U.S. government could run short of cash to pay its bills as early as June 1.

The clock is ticking faster on the nation’s debt ceiling drama. Exactly when the federal government will no longer be able to pay its bills in full and on time is not known, but it could come as ...

WASHINGTON (AP) — All the hand-wringing over a potential government default if Congress doesn’t increase the government’s $31.4 trillion debt ceiling has conjured up images of past ...

It doesn't mean, however, that on Aug. 2 we will default on our publicly held debt. That's a different issue." In other words, if the debt limit is not raised, the U.S. government would no longer ...

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 federal government could default on its debt as soon as July, a new forecast from the Bipartisan Policy Center warns, raising pressure on Congress for action. The prominent think tank forecast ...

The federal government reached its $31.4 trillion borrowing cap on Thursday, Treasury Secretary Janet Yellen said as she begins “extraordinary measures” to stave off a default, while ...

Congress is barreling toward a government shutdown and a debt crisis as a stalemate between Democrats and Republicans pushed the U.S. toward the brink of a fresh economic crisis.

The debt-limit deal, if ratified, won’t resolve partisan fights over spending. Most of the deal must be implemented via future fights over appropriations, which could trigger government ...

House Speaker Kevin McCarthy and President Joe Biden likely have a little more time to work out a deal to avoid a catastrophic debt default, thanks to procrastinating taxpayers.