Behind many sovereign debt crises there is often a simple, but difficult truth: the full picture of public debt and contingent liabilities which migrated to sovereign balance sheets was not visible to ...

On May 12, the House Ways and Means Committee released its long-anticipated reconciliation package—an expansive tax and spending bill aimed ...

Republicans in the U.S. Congress advanced elements of President Donald Trump's sweeping budget package on Wednesday after an ...

Most economists agree that if the U.S. were to ever reach the debt ceiling, the consequences would be catastrophic. While the U.S. continually wrestles with this bor ...

The House Ways and Means Committee released the text of the "one, big, beautiful" budget bill, which included much of the ...

House Republicans are moving forward with plans to raise the nation’s debt ceiling by $4 trillion as part of a larger plan to ...

For decades, economists have debated how much debt a rich country can safely shoulder. We know there is a fiscal limit beyond which the old trick of “waiting until tomorrow to cut spending ...

Take note that balance transfer cards often set maximum limits on the amount of debt you can transfer (either a percentage of your total credit limit or a set dollar amount), and you can't ...

For debt of any kind to be manageable ... Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. Payment example: Monthly ...

He added that he was more concerned about when the debt limit expires later this year. “That is a hard deadline for us,” Thune said. Bessent’s July 4 timeline puts additional pressure on ...

Next year, the budget deficit is expected to reach 2.8%, just below the European Union’s 3% limit, before falling again in subsequent years. The national debt is also set to increase, from 43.4% of ...

Higher revenues from tariffs mean Wall Street analysts have pushed back their expectations for when the US government will run out of money under the debt ceiling. The so-called X-date ...