Treasury Secretary Janet Yellen said her agency will need to start taking "extraordinary measures," or special accounting maneuvers intended to...

Treasury secretary says ‘extraordinary measures’ needed to avoid default, and urges lawmakers to raise borrowing limit

The United States could come up against its debt ceiling as soon as in mid-January, Treasury Secretary Janet Yelen says.

December 27, 2024 The Honorable Mike Johnson Speaker U.S. House of Representatives Washington, DC  20515 Dear Mr. Speaker: I write to apprise you of...

The federal debt currently stands at roughly $36 trillion — which ballooned across both Republican and Democratic administrations.

The Treasury secretary urged Congress to protect the full faith and credit of the United States by raising the debt limit.

The Treasury secretary urged Congress to protect the full faith and credit of the United States by raising the debt limit.

President-elect Donald Trump is demanding as part of the spending package the GOP is trying to force through that the debt ceiling be extended — or...

Government spending is going through the roof as the outgoing Biden-Harris administration cements its fiscal legacy of failure. That’s not an...

Regular high-stakes bipartisan brinksmanship on the debt ceiling (i.e. Congressionally-mandated limits how much money the federal government can...