President Donald Trump's tax-cut and spending bill, which passed Congress on Thursday, averts the near-term prospect of a U.S. government default but makes America’s long-term debt problems even worse ...

As matters stand, the debt ceiling (including debt held by federal agencies) is set at $36.10400 trillion, and debt subject to the limit is $36.10397 trillion.

The U.S. Treasury has announced plans to borrow a staggering $1.007 trillion in the third quarter, a move attributed to the need to restore its cash reserves, which were depleted during the recent ...

The country that once dominated the global economy is now grappling with a severe debt crisis. The United States, with a GDP of $28 trillion, is burdened by a debt of $36 trillion.

When President Donald Trump signed the One Big Beautiful Bill into law, it sparked major discussions on the outlook of the ...

With Q1 2025 registering -0.3% real GDP growth, and the US Federal Reserve estimating the Q2 2025 growth at 3.8%, such a scenario remains unrealistic. US GDP growth rate.

The last debt limit suspension ended on Jan. 1, 2025. The agreement allowed a few extra months for the Treasury Department to use “extraordinary measures” to pay the bills, NBC reported.

CFPB research has indicated that medical debt on credit reports is “a poor predictor” of whether a person will repay a loan, ...

Concerns that spending on military programs could be reduced or delayed as a result of the impasse over the debt limit have driven investors from defense stocks, according to the report.