The long-term credit rating of the United States was downgraded on Tuesday by the Fitch Ratings agency, which said the nation’s high and growing debt burden and penchant for brinkmanship […]
Federal Budget (US)
Trending topics and news from the Federal Budget (US) category
Back to news homeYellen’s Debt Limit Warnings Went Unheeded, Leaving Her to Face Fallout
In the days after November’s midterm elections, Treasury Secretary Janet L. Yellen was feeling upbeat about the fact that Democrats had performed better than expected and maintained control of the […]
Yellen Expects U.S. to Run Out of Cash by June 5 as Debt Talks Continue
Treasury Secretary Janet L. Yellen said on Friday that the United States will run out of money to pay its bills on time by June 5, moving the goal post […]
U.S. Faces ‘Elevated Risk’ of Default in Early June, a New Report Warns
The United States faces an “elevated risk” of running out of cash to pay its bills between June 2 and 13 if Congress does not raise or suspend the nation’s […]
What the Markets Are Telling Us About the Debt Ceiling
Republicans should insist on trillions of dollars in expenditure reductions now, Mr. Trump said last week during a live town hall hosted by CNN. If the White House doesn’t agree, […]
The Debt Ceiling Impasse Raises the Risks for ‘Risk-Free’ U.S. Bonds
It’s come to this.Because of the debt ceiling crisis, a corner of the financial markets sees the U.S. government as a riskier borrower over the next month or so than […]
Biden to Meet with Kevin McCarthy in Debt Ceiling Talks
President Biden is set to welcome Speaker Kevin McCarthy and other top congressional leaders to the White House on Tuesday for a pivotal round of discussions about the nation’s taxes, […]
Debt Ceiling: U.S. Could Run Out of Cash by June 1, Yellen Warns
WASHINGTON — Treasury Secretary Janet L. Yellen said on Monday that the United States could run out of money to pay its bills by June 1 if Congress does not […]
The Debt Ceiling Debate Is About More Than Debt
WASHINGTON — Speaker Kevin McCarthy of California has repeatedly said that he and his fellow House Republicans are refusing to raise the nation’s borrowing limit, and risking economic catastrophe, to […]
Republican Votes Helped Washington Pile Up Debt
Biden administration officials blame Mr. Trump and former President George W. Bush for running up debt, particularly with tax cuts. They claim credit for a decline in the budget deficit […]