Members of President Donald Trump’s own party could complicate his effort to avoid a standoff over extending the nation’s borrowing limit — which means a complication for Trump’s legislative plans ...

This week the White House has been lobbying Congress to raise the $14.3 trillion federal debt ceiling. Doing so would give the government the legal authority to borrow billions of dollars to pay its ...

In January, the Treasury ran out of revenue to continue paying the government’s bills. Ordinarily, when the Treasury needs to spend more money than it collects in taxes, it issues new bonds. However, ...

WASHINGTON (TNND) — The clock is ticking for lawmakers to raise the nation’s debt limit to stave off a default that could have catastrophic economic consequences as Republicans mull whether to include ...

U.S. Treasury Secretary Janet L Yellen reportedly said on Friday that the government has less than three weeks to raise its debt limit. What Happened: Unless the government raises its debt limit, it ...

Calling into question the intention of the United States to pay its debts would lead to a formal review of U.S. sovereign debt ratings, according to Fitch Ratings. The ratings firm does say that the ...