America faces a debt wall. Towering at $38 trillion, our national debt is now 25% larger than the entire economy. It’s slated to grow by at least $1.8 trillion this year alone, possibly by more if the ...
WASHINGTON -- While the concept of the debt ceiling might seem "in the weeds," it actually poses a very real threat to millions of Americans in a precarious economic period. If lawmakers on Capitol ...
In contrast, a high national debt simply reflects that the government has issued a lot of currency that the public and ...
The president-elect is hoping to avoid “extraordinary measures” that would push a deadline to default on the U.S.’s debt during the early months of his administration.
Treasury Secretary Scott Bessent testifies before the House Committee on Appropriations, Subcommittee on Financial Services and General Government, oversight hearing of the U.S. Department of the ...
WASHINGTON, D.C. -- The US hit the debt ceiling set by Congress on Thursday, forcing the Treasury Department to start taking extraordinary measures to keep the government open and escalating pressure ...
President-elect Donald Trump said Thursday that Congress should get rid of the debt ceiling, a day after he and Elon Musk came out against a deal reached by congressional lawmakers to fund the ...
WASHINGTON, D.C. — Congress is taking action Thursday to avert a government shutdown. However, lawmakers are doing so by not addressing the debt ceiling. Treasury Secretary Janet Yellen has said if ...
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