WASHINGTON -- While the concept of the debt ceiling might seem "in the weeds," it actually poses a very real threat to millions of Americans in a precarious economic period. If lawmakers on Capitol ...
Just two weeks after he was sworn into office, former President Ronald Reagan went on national television to address the ...
WASHINGTON — With the clock ticking once again on the need to raise the nation’s debt limit, an unusual political alliance has formed to try to end these economically damaging showdowns for good.
Traders say Bitcoin will benefit from the proposed $5 trillion increase to the US debt ceiling, but data could suggest otherwise. Historical data fail to show a consistent link between Bitcoin price ...
Treasury Secretary Scott Bessent has overseen $1.8 trillion in new debt issuance since the One Big Beautiful Bill Act lifted the debt ceiling. Bessent prioritized short-term Treasury Bills, with 60% ...
Concern over a possible default is expected to intensify in the coming weeks as Congress debates raising the U.S. debt ceiling. The debt limit debate probably sounds like a complicated economic issue.
A proposed $5 trillion debt limit increase could make it hard for Republicans to maintain their fiscal hawk credibility. By Alan Rappeport Reporting from Washington For years, Republicans have warned ...
The Congressional Budget Office estimates that the OBBB Act will increase the national debt by $4.1 trillion over the next 10 years. The bill increased the statutory debt limit by $5 trillion. The U.S ...
Note: A version of this episode first ran in 2023. Every year, the U.S. government spends more money than it takes in. In order to fund all that spending, the country takes on debt. Congress has the ...
The recently passed One Big Beautiful Bill Act increased the debt limit to $41.2 trillion, or 136 percent of GDP. Some believe that Congress will have to raise the debt limit again before the 2026 ...
President Donald Trump's hallmark legislation includes a staggering $5 trillion hike to the debt ceiling — a move that gives Republicans added leverage in bipartisan negotiations. With control of both ...