The OBBB cut taxes for many Americans but also added to the national debt, which could be a problem for Americans in the long ...

WASHINGTON (AP) — The U.S. is on track to run out of money to pay its bills as early as August without congressional action, Treasury Secretary Scott Bessent warned Friday. He is calling on Congress ...

Add Yahoo as a preferred source to see more of our stories on Google. Although President-elect Donald Trump wanted to start 2025 without having to worry about the debt ceiling, he did not get his wish ...

Add Yahoo as a preferred source to see more of our stories on Google. PHOTO: The U.S Capitol is seen on Capitol Hill in Washington, Dec. 19, 2024. (Anna Rose Layden/Reuters) President-elect Donald ...

U.S. Representative Greg Steube (R-Fla.) introduced the Dollar-for-Dollar Deficit Reduction Act, a bill that would mandate ...

Sen. Elizabeth Warren (D-Mass.) agreed with President Donald Trump’s position on eliminating the debt ceiling, but investor Anthony Pompliano responded with a sharp jab as the U.S. faces another ...

Among the measures being debated by Congress to avert a government shutdown is increasing the debt ceiling — or eliminating it entirely. It's arguably the most unusual demand from President-elect ...

You may have missed it amid your New Year’s Eve revelry, but the United States Congress is now, as of the stroke of midnight on Jan. 1, officially in violation of the federal debt limit. That’s ...