The plan gets more complicated than that and addresses other issues, but the main point is that the Republican proposal is a ...

You might have heard the riddle about the man who must row a fox, a chicken and a sack of corn across a river one at a time.

After a volatile stretch of years that included a pandemic, sky-high inflation, and a trade war, investors' favorite seasonal ...

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

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

NEWARK — Newark Mayor Ras Baraka was arrested Friday at an federal immigration detention center where he was protesting its ...

Bloomberg News Now is a comprehensive audio report of today's top stories. Hear the latest news, updated throughout the day, covering global business stories in just a few minutes.

Bloomberg News Now is a comprehensive audio report of today's top stories. Hear the latest news, updated throughout the day, covering global business stories in just a few minutes.

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

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 said Friday that the debt limit may prevent the federal government from meeting all its ...