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

The government will exhaust resources to pay its bills in August, but Congress will be gone nearly all of that month.

Bessent urged Congress to raise or suspend the debt limit by mid-July, to "protect the full faith and credit of the United ...

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

Secretary Scott Bessent twice testified in front of congressional committees earlier this week that the Treasury’s debt ...

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The announcement raises the stakes for Republicans, who are tying a $5 trillion debt limit increase to a legislative package.

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 ...

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 ...

U.S. Treasury Secretary Scott Bessent warned Friday that the federal government could exhaust its cash balance and so-called ...

Treasury Secretary Scott Bessent called on Congress Friday to raise the nation’s debt ceiling by mid-July to keep the federal government from defaulting on its more than $36 trillion debt.