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

Treasury Secretary Scott Bessent called on Congress to increase or suspend the debt ceiling in a letter to members of ...

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

While concerns about the U.S. hitting the debt ceiling are being debated, Philip Swagel, head of the nonpartisan ...

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

Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story  Bessent ...

U.S. Treasury Secretary Scott Bessent warned Friday that the federal government could exhaust its cash balance and so-called ...

The projected ‘X-date,’ or the day on which the country risks missed payments on loans, gives lawmakers only three months to ...

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

Treasury Secretary Scott Bessent on Friday called on Congress to raise the nation’s debt ceiling by mid-July to ... 2025, raising concerns including increased volatility and costs, negative ...