The U.S. Treasury is raising the stakes on short-term borrowing, and it’s coming straight from Scott Bessent, the same guy ...

The Treasury will raise a record $1.007 trillion this quarter, mainly through T-bill issuance. Click here to read what ...

The US Treasury Department is now accepting Venmo and PayPal payments from those who want to donate money to reduce the ...

The last debt limit suspension ended on Jan. 1, 2025. The agreement allowed a few extra months for the Treasury Department to use “extraordinary measures” to pay the bills, NBC reported.

The debt ceiling, also known as debt limit, is the law that limits the amount of money the US government can borrow to cover costs — including paying federal employees, as well as Social ...

The debt ceiling, which is currently around $31.4 trillion, is the legal limit on the total amount of debt that the federal government can borrow on behalf of the public, including Social Security ...

The debt ceiling snafu, which has the potential to wreck the US economy, is a civics lesson in the bizarrely inefficient way the American government spends your money.

The United States hit its $31.381 trillion debt ceiling, or limit, on Jan. 19, 2023. Once that debt limit was reached, the federal government became at risk of default.

When was the last time the debt ceiling was raised? The ceiling is routinely raised to accommodate repayment of the country’s debt. The last time it was raised was in 2021. The debt ceiling was ...