Budget deficit rose in December and is now 40% higher than it was a year ago
A view from the United States Department of the Treasury building in Washington DC, United States on December 30, 2024.…
House speaker breaks with Trump over debt limit
WASHINGTON — With just hours to go before the federal government begins shutting down for lack of funds, House Republicans…
Trump endorses House GOP deal to avert government shutdown
WASHINGTON — President-elect Donald Trump endorsed a House Republican deal Thursday to fund the government for three months and avert…
Trump blasts House government funding deal, demands debt ceiling hike
WASHINGTON — President-elect Donald Trump said Thursday that he would prefer for House Republicans to refuse to fund the federal…
Soaring debt and deficits causing worry about threats to the economy and markets
Government debt that has swelled nearly 50% since the early days of the Covid pandemic is generating elevated levels of…
Ray Dalio says U.S. reaching an inflection point where the debt problem quickly gets even worse
Soaring U.S. government debt is reaching a point where it will begin creating larger problems, Bridgewater Associates founder Ray Dalio…
Bond yields could race through 5% in next couple of weeks, market forecaster Jim Bianco warns
Wall Street forecaster Jim Bianco expects Treasury yields to go a lot higher — and possibly overshoot through 5% in…
House GOP pulls key vote to advance stopgap government funding bill
The House of Representatives canceled a scheduled key procedural vote Tuesday on a temporary government funding bill hashed out by…
What’s in the debt ceiling deal struck by Biden and McCarthy?
President Joe Biden and Republican House Speaker Kevin McCarthy on Sunday signed off on an agreement to temporarily suspend the debt ceiling and…
As McCarthy laments ‘no progress,’ here’s where U.S. debt ceiling talks stand
House Speaker Kevin McCarthy said Tuesday that there has been “no progress” in debt ceiling negotiations between House Republicans and…
