House Republicans are moving forward with plans to raise the nation’s debt ceiling by $4 trillion as part of a larger plan to ...

Washington: Treasury Secretary Scott Bessent has told US lawmakers that his department's ability to use special accounting ...

U.S. Treasury Secretary Scott Bessent on Friday urged Congress to raise the federal government's debt limit by mid-July to ...

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

The announcement raises the stakes for Republicans, who are tying a $5 trillion debt limit increase to a legislative package.

“I respectfully urge Congress to increase or suspend the debt limit by mid-July, before its scheduled break, to protect the full faith and credit of the United States,” Bessent wrote. The ...

House Appropriations Chair Tom Cole (R-Okla.) said Sunday that he does not believe “we’ll have a debt limit suspension” a few ...

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

WASHINGTON] There is a “reasonable probability” the United States will hit its borrowing limit in August when Congress is in recess, Treasury Secretary Scott Bessent said on Friday, calling on ...

The U.S. is on track to run out of money to pay its bills as early as August without congressional action, Treasury Secretary ...

Treasury Secretary Scott Bessent repeated his warning that his department is on the “warning track” toward exhausting its ...

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 ...