The process of shedding assets and draining bank reserves could collide with dynamics related to raising the federal debt ...

President Donald Trump and key Senate Republicans are still grasping for a solution to the US government closing in on ...

The Federal Reserve said it will start shrinking its balance sheet at a slower pace starting next month, reducing the amount ...

Washington has until the late spring or summer to raise the borrowing limit past its $36 trillion cap, setting up a test with ...

This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Every Monday, Bloomberg ...

As Congress moves toward the 33rd temporary reauthorization of the National Flood Insurance Program due Friday, lawmakers are ...

The Louisiana senator has been tapped to consult with the president on a strategy for avoiding a federal default.

An incoming government wants to borrow much more to revamp the economy and rebuild the military. That means a change in the ...

Newly elected Friedrich Merz has proposed nearly €1 trillion in new spending on defense and infrastructure for the sluggish ...

Federal Reserve Chair Jerome Powell said the central bank would leave its benchmark interest rate unchanged, adding that now is the time to “wait for further clarity.” Photo: Roberto Schmidt ...

Republicans are grappling with the possibility they will soon have to work with the Democrats as a deadline to raise the debt ceiling threatens to fray party unity. Washington has until the late ...