Budget hawks have fretted for decades about America’s deficits and debt, repeatedly advising our government to embrace ...

The US's ballooning debt burden is sparking concern on Wall Street. The country is one of just 21 worldwide whose debt-to-GDP ratio exceeds 100%. Concerns about deteriorating public finances have ...

Democratic President Joe Biden and the Republican-controlled House of Representatives reached a debt ceiling agreement last year that lifted the government's $31.4 trillion borrowing limit, ending ...

The cost of insuring against non-payment of US debts through derivatives is elevated, and close to the levels it reached in some of the more acute debt-ceiling episodes of years gone by. Activity ...

The current debt limit suspension ends on January 1, 2025. The agreement allows a few extra months for the Treasury Department to use what's known as “extraordinary measures” to keep the ...

For about 48 hours last week, it looked like a debt ceiling fight in 2025 would be averted, as ideas were floated to postpone the issue until 2027 or 2029 (or even forever). But it was not to be.

The US could default on its $36 trillion debt as early as July and no later than October without congressional action, according to a study released Monday.

What is the US debt ceiling? The debt ceiling is the maximum amount of money the government can borrow. On January 19, the US hit its borrowing limit of $31.4 trillion.

Republican debt limit legislation would cut 81,000 Veterans Affairs jobs ... cause largest VA benefits cuts in US ... Joe Biden said in a tweet Tuesday with an attached flow chart.

“I don’t know how we own it if we raised the debt limit,” Mr. McCarthy said at the White House when asked if he was ready to face the consequences for a default. His colleagues share his view.

When will the US hit its debt ceiling? Here's what you need to know. Skip to main content. Boydton, VA. Boydton, VA. Local News. Subscriptions; Animals ...