The government will exhaust resources to pay its bills in August, but Congress will be gone nearly all of that month.

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 ...

Lawmakers have until August to address the debt ceiling or the US could default on its obligations for the first time ever, ...

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

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

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

The Treasury Department said Friday it would likely run out of cash to pay the nation’s bills by August, setting a new, ...

Bessent urged Congress to raise or suspend the debt limit by mid-July, to "protect the full faith and credit of the United ...

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