If the U.S. defaults on its debt, the government would fail to meet its financial obligations to bondholders. This would trigger widespread economic disruption. While the U.S. has never fully ...

He said he was heartened by indications U.S. lawmakers will ratify the debt ceiling deal embraced by Republican congressional leader Kevin McCarthy and Democratic President Joe Biden. "If you did not ...

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