It is quite clear that the bill's implementation marks another setback for Trump's campaign promises to cut fiscal spending.

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

Debt limit may be breached due to slower economic growth in second half of 2025, said Kenanga Investment Bank.

The U.S. Treasury has announced plans to borrow a staggering $1.007 trillion in the third quarter, a move attributed to the need to restore its cash reserves, which were depleted during the recent ...

Projections that the bill will increase the national debt over time miss the effects of this and of the nominal spending cuts ...

The U.S. is once again approaching its debt ceiling, and failure to raise it could trigger a chain reaction across global ...

President Donald Trump's tax-cut and spending bill, which passed Congress on Thursday, averts the near-term prospect of a U.S. government default but makes America’s long-term debt problems even worse ...

There were fears the trade war could spill over into financial markets amid speculation that Beijing might offload its large ...

But by the spring of 2011, he had a feeling that there was a new underappreciated risk: the debt of the federal government ...

Congress imposes artificial legal limits on the nation’s outstanding debt obligations. Once this is reached, the government no longer can pay bills or fund programs until Congress raises the ceiling ...

The Treasury Department raised its projection of borrowing needs in the July-September quarter to $1.007 trillion, up $453 billion from its forecast in April. This is the second-highest amount of ...

The U.S. Treasury is widely expected to maintain current auction sizes for notes and bonds when it announces financing plans ...