There are good reasons why markets took the latest U.S. credit rating downgrade on the chin, but that will offer cold comfort ...

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

Bankruptcy in the short term is painful. In the long term, it is cleansing decades of poor federal government choices.

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

The Department of Education and the Treasury Department are resuming collections for about five million defaulted student ...

Washington: Treasury Secretary Scott Bessent has told US lawmakers that his department's ability to use special accounting ...

By the end of summer the department estimates that 5.3 million defaulted borrowers will receive a notice from the Treasury ...

(MENAFN) Treasury Secretary Scott Bessent has cautioned that the United States may be unable to meet ... To keep operations running and avoid a default, the Treasury has been using ...

The United States has suffered a major financial blow after Moody’s Ratings stripped the country of its last remaining AAA ...

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