Treasury Secretary Janet Yellen warned Congress on Friday that "extraordinary measures" will be necessary as early as Jan. 14 ...
“I respectfully urge Congress to act to protect the full faith and credit of the United States,” she added. Yellen’s ...
The Treasury Department on Friday said the government is beginning to run out of money to finance its debt obligations.
The reality is that a U.S. government default would be unprecedented, and many experts have said it would likely lead to ...
The debt ceiling is the limit placed by Congress on the amount of debt the government can accrue. In order to pay its bills ...
Lawmakers will have to authorize additional borrowing to pay the government's bills, but there's no reason it has to be done ...
Although President-elect Donald Trump wanted to start 2025 without having to worry about the debt ceiling, he did not get his ...
CDLAC has a population-based formula to determine the cap. CDLAC was created to set and allocate California's annual debt ...