WASHINGTON (AP) — The U.S. is on track to run out of money to pay its bills as early as August without congressional action, ...

WASHINGTON – Treasury Secretary Scott Bessent urged congressional leadership to raise the debt ceiling by mid-July, in a ...

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

Treasury Secretary Scott Bessent told US lawmakers that his department’s ability to use special accounting maneuvers to stay ...

Treasury Secretary Scott Bessent on Friday called on Congress to raise the nation’s debt ceiling by mid-July to keep the ...

Scott Bessent has slammed the Senate for blocking the GENIUS Act, warning it weakens U.S. crypto leadership ahead of the 2026 ...

President Trump hailed an agreement with Britain as a breakthrough — but far tougher negotiations, including with China, ...

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 action from Congress to address the debt limit.

The secretary urged them to come up with a solution before its annual break because there is a “reasonable probability” that the extraordinary measures the department is already implementing to pay ...

Special measures to keep the U.S. government under its debt limit could run out by August, Treasury Secretary Scott Bessent told lawmakers on Friday, according to multiple reports. In a letter to ...