The Congressional Budget Office warned that the federal government could run out of enough money to pay all of its bills on time as soon as August if lawmakers fail to raise or suspend the debt ...

The Congressional Budget Office estimated that the U.S. faces the risk of defaulting on its debt in August or September if lawmakers don't act to raise the debt limit before then.

On April 16, US further hiked tariffs on exports from China to 245 per cent. "The tariffs have shocked financial markets and are raising the risk of a global economic recession. Continued ...

The Education Department will begin collection next month on student loans that are in default, including the garnishing of ...

Scott Bessent, who took the Treasury’s helm in January, told lawmakers in his confirmation hearing the US “is not going to default on its debt” with him in the job. Congressional Wrangling ...

Bloomberg's Mike Dorning has more on the story. Sky announces 2,000 customer service centre jobs at risk The gigantic Russian Ekranoplan aircraft carrier Scientists identify specific cognitive ...

Scott Bessent, who took the Treasury’s helm in January, told lawmakers in his confirmation hearing the US “is not going to default on its debt” with him in the job. Congressional Wrangling The CBO ...