The United States is on track to hit its statutory debt ceiling — the so-called X-date when the country runs short of money ...

The CBO said the so-called X-date — when the Treasury Department will no longer be able to meet its financial obligations — will likely fall in August or September. However, the agency also cautioned ...

The debt limit was last suspended by Congress as part of a bipartisan bill struck between former President Biden and GOP leadership in 2023, staving off the threat of national default through early ...

The issue has been on Congress' to-do list since last winter, when then-Treasury Secretary Janet Yellen warned the debt limit would be met around President Donald Trump's inauguration, which was on ...

The US faces a possible financial crisis as the Congressional Budget Office warns the government could run out of money by August unless Congress raises the debt ceiling. The Treasury has already hit ...