Sign up here to receive “The US in brief” as a newsletter, each weekday, in your inbox.

The status quo of large U.S trade deficits cannot persist, Treasury Secretary Scott Bessent said. "Intentional policy choices by other countries have hollowed out America’s manufacturing sector ...

The Republican-controlled House of Representatives is moving forward with plans to raise the national debt ceiling by $4 ...

The SALT provision would raise the cap to $30,000 for those with a modified adjusted gross income of $400,000 or less.

Treasury Secretary Scott Bessent on Sunday said U.S.-China trade talks had made ... Growing signs of a potential recession, ...

House Appropriations Chair Tom Cole (R-Okla.) said Sunday that he does not believe “we’ll have a debt limit suspension” a few ...

The Treasury Department announced Friday that Congress must address the debt limit before August, setting a firm deadline for ...

Treasury Secretary Scott Bessent warned congressional leaders on Friday that the United States could exhaust its borrowing ...

The Trump administration has exhausted its authority to issue new incremental debt to pay for obligations like Treasury-bond interest payments and Social Security checks. The Treasury still has ...

Congress Faces Debt Ceiling Crisis as Treasury Secretary Calls for Immediate Solutions** Amid rising concerns about the nation’s financial stability, Treasury Secretary Scott Bessent has issued an ...

U.S. Treasury Secretary Scott Bessent has urged Congress to raise the federal debt ceiling by mid-July to prevent a potential ...