Some Republicans have long urged Treasury to choose which bills to pay when the debt ceiling gets close to being breached.

In this video, Marco from Whiteboard Finance breaks down the 2023 U.S. debt ceiling crisis and what it means for the economy, interest rates, and government spending. He explains what the debt ceiling ...

Treasury Secretary Scott Bessent said that his department is conducting outreach to major holders of government securities to get a better picture on their thoughts on the federal debt limit.

The Country Liberal government has scrapped the Northern Territory’s $15bn debt ceiling, with borrowing forecast to surpass ...

Sen. Mike Lee advocates for the REINS Act, which would rein in agencies’ power and give Congress more of a say in spending ...

House Speaker Mike Johnson is vowing to power forward on a key budget committee vote early next week, setting up a clash with ...

Caught between the debt and their tax base, Republicans are considering some novel ways to account for the cost of their ...

FY 2025 appropriations and the debt ceiling—to avoid an economic crisis, with plans for major policy changes in tax, border security, defense, and energy under consideration.

House Republicans are working overtime after a lengthy White House meeting to meet President Donald Trump’s demand for a big ...

Ray Dalio, the founder of the world's largest hedge fund, recently warned of serious economic consequences for the U.S. if ...

The U.S. Treasury on Wednesday maintained its guidance on keeping sales of longer-term debt unchanged well into 2025, despite ...

After repeatedly blasting Janet Yellen last year over her department’s strategy for issuing federal debt, it’s now up to ...