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 […]
National Debt (US)
Trending topics and news from the National Debt (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. Debt Default Could Damage Nation’s Credit Rating
If the U.S. government defaults on its debt even for just a few hours next week, it could have long-lasting consequences for the nation’s future. Three major ratings companies — […]
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 […]
U.S. Default Prospect Hurts Economy in the Meantime
As negotiations over the debt limit continue in Washington and the date on which the U.S. government could be forced to stop paying some bills draws closer, everyone involved has […]
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 […]