The government will exhaust resources to pay its bills in August, but Congress will be gone nearly all of that month.

The so-called "X-date" marks when the government could run out of borrowing power and face an unprecedented default without ...

Treasury Secretary Scott Bessent warned Speaker Mike Johnson on Friday to raise the debt ceiling by mid-July, in case the ...

Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story  Bessent ...

"Therefore, I respectfully urge Congress to increase or suspend debt limit by mid-July, before its scheduled break, to protect the full faith and credit of the United States," Bessent wrote.

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

Lawmakers have until August to address the debt ceiling or the US could default on its obligations for the first time ever, ...

The announcement raises the stakes for Republicans, who are tying a $5 trillion debt limit increase to a legislative package.

Treasury Secretary Scott Bessent called on Congress ... “Therefore, I respectfully urge Congress to increase or suspend the debt limit by mid-July, before its scheduled break, to protect the ...

U.S. Treasury Secretary Scott Bessent has urged Congress to increase or suspend the federal government's debt limit by mid-July to prevent a market crisis. He warned of a possible cash shortfall by ...

"Therefore, I respectfully urge Congress to increase or suspend debt limit by mid-July, before its scheduled break, to ...