The U.S. defaulting on its financial obligations would have catastrophic and worldwide consequences. Some financial experts have even predicted that it could trigger a worldwide downturn equal to the ...
Discover how Treasury Secretary Bessent’s strategies improved bond market liquidity and managed $1.8T debt efficiently.
From full coverage of the debt ceiling and default deal, to Rosalynn Carter's recent diagnosis, here are the top national news stories from the past week. The tears were flowing. Iowa native Frank ...
Born during what is mistakenly called the debt-ceiling "debacle" last summer, the supercommittee may die without sending Congress a 10-year $1.2 trillion (at least) deficit-reduction plan. This is not ...
WASHINGTON -- The debt limit negotiations between GOP negotiators and the White House ended Friday night with no progress after meeting for roughly an hour and a half. And there's no set plans for the ...
President Donald Trump's hallmark legislation includes a staggering $5 trillion hike to the debt ceiling — a move that gives Republicans added leverage in bipartisan negotiations. With control of both ...
Note: A version of this episode first ran in 2023. Every year, the U.S. government spends more money than it takes in. In order to fund all that spending, the country takes on debt. Congress has the ...
A proposed $5 trillion debt limit increase could make it hard for Republicans to maintain their fiscal hawk credibility. By Alan Rappeport Reporting from Washington For years, Republicans have warned ...
In a sweeping new fiscal package, Congress unveiled a major overhaul of tax policy, federal spending, and entitlement programs with President Trump’s Big Beautiful Bill. The proposal includes a ...
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