WASHINGTON (AP) — The U.S. is on track to run out of money to pay its bills as early as August without congressional action, ...

WASHINGTON – Treasury Secretary Scott Bessent urged congressional leadership to raise the debt ceiling by mid-July, in a ...

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 on Friday called on Congress to raise the nation’s debt ceiling by mid-July to keep the ...

The so-called "X-date" marks when the government could run out of borrowing power and face an unprecedented default without action from Congress to address the debt limit.

The secretary urged them to come up with a solution before its annual break because there is a “reasonable probability” that the extraordinary measures the department is already implementing to pay ...

There is a "reasonable probability" the United States will hit its borrowing limit in August when Congress is in recess, ...

Special measures to keep the U.S. government under its debt limit could run out by August, Treasury Secretary Scott Bessent told lawmakers on Friday, according to multiple reports. In a letter to ...

The concession would be a dramatic break from the present reality, which has sent shipments from China into the United States ...

The White House has a plan in hand but has made "no final decisions" on a proposal to establish a U.S. sovereign wealth fund.