Chances of a close brush with a US payment default are growing as the Senate plans for time-consuming revisions to President ...

Republican Kentucky Sen. Rand Paul said Sunday on Fox News that the GOP is using the “same playbook” as Democrats ...

Senator Rand Paul said on Sunday that he will not support President Trump’s flagship domestic legislation unless a ...

Debt is simply the total amount of money the US government owes to its lenders, currently amounting to $36.2 trillion. This ...

The so-called "X-date" marks when the government could run out of borrowing power and face an unprecedented default without ...

Lawmakers have until August to address the debt ceiling or the US could default on its obligations for the first time ever, Treasury Secretary Scott Bessent wrote to congressional leaders Friday, ...

The government will exhaust resources to pay its bills in August, but Congress will be gone nearly all of that month.

The US House narrowly passed Trump's sweeping tax and spending bill, adding $3.8 trillion to national debt. The plan includes ...

The debt-ceiling "X date" for when the U.S. is expected to run short on funds unless Congress acts to raise the debt limit ...

Rep. Thomas Massie (R-Ky.) labeled the sweeping tax and spending bill a “debt bomb ticking” on Thursday ahead of the House ...

"Successive US administrations and Congress have failed to agree on measures to reverse the trend of large annual fiscal ...

Borrowing may become more expensive, particularly for large loans like mortgages and auto financing. Investment portfolios ...