America faces a debt wall. Towering at $38 trillion, our national debt is now 25% larger than the entire economy. It’s slated ...
The National Pension Service is reportedly considering increasing its investment proportion in domestic stocks. Initially, the pension fund had set a limit of up to 17.9% of its total assets for ...
The One Big Beautiful Bill Act raises the debt ceiling by $5 trillion, averting a 2025 debt crisis and enabling continued government funding. Treasury will prioritize short-term Treasury Bill issuance ...
President Donald Trump's hallmark legislation includes a staggering $5 trillion hike to the debt ceiling — a move that gives Republicans added leverage in bipartisan negotiations. With control of both ...
Now that Congress has lifted the US debt ceiling, the Treasury is preparing to replenish its cash buffer, though it likely won’t need to raise as much as it did in 2023. Wrightson ICAP expects the ...
WASHINGTON — For years, Republicans have warned about the government’s reliance on borrowed money to pay its bills. That stance has often led to standoffs over raising the nation’s borrowing cap, with ...
The booming money-market-fund industry could soon face a shortage of its favorite assets to buy. The supply of Treasury bills, a kind of short-term debt used to fund the federal government, has been ...
WASHINGTON — As Republicans barrel toward a critical deadline this summer to lift the debt ceiling, they say there’s no “Plan B” to avert an economically disastrous default if they fail to pass the ...
The Congressional Budget Office on Monday extended its estimate of when the debt limit must be raised, stretching its predicted “X-date” range to begin in mid-August and run through the end of ...
Terence P. Jeffrey is investigative editor for the Daily Caller News Foundation. “Let’s talk about the deficit.” That is what Senate Minority Leader Chuck Schumer, D-N.Y., said on the Senate floor on ...
In 2023, a stalemate between then-President Joe Biden and congressional Republicans over the debt ceiling prompted panic among financial analysts and everyday Americans alike. The deal they struck, ...
Neal J. Riley is a digital producer for CBS Boston. He has been with WBZ-TV since 2014. His work has appeared in The Boston Globe and The San Francisco Chronicle. Neal is a graduate of Boston ...