WASHINGTON – Treasury Secretary Scott Bessent urged congressional leadership to raise the debt ceiling by mid-July, in a ...

Treasury Secretary Scott Bessent on Friday called on Congress to raise the nation’s debt ceiling by mid-July to keep the ...

President Trump hailed an agreement with Britain as a breakthrough — but far tougher negotiations, including with China, ...

Lawmakers have until August to address the debt ceiling or the US could default on its obligations for the first time ever, ...

WASHINGTON (AP) — The U.S. is on track to run out of money to pay its bills as early as August without congressional action, ...

NPR Financial Correspondent Maria Aspan, Host of "Politics Nation" Rev. Al Sharpton, and President of Media Matters for America Angelo Carusone join Nicolle Wallace to discuss the latest flip flop ...

The so-called "X-date" marks when the government could run out of borrowing power and face an unprecedented default without action from Congress to address the debt limit.

Special measures to keep the U.S. government under its debt limit could run out by August, Treasury Secretary Scott Bessent told lawmakers on Friday, according to multiple reports. In a letter to ...

The secretary urged them to come up with a solution before its annual break because there is a “reasonable probability” that the extraordinary measures the department is already implementing to pay ...

The concession would be a dramatic break from the present reality, which has sent shipments from China into the United States ...