Tag #Us Debt Ceiling

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U.S. Faces Potential Debt Default in August

U.S. Treasury Secretary Scott Bessent warned Congress on Friday that the U.S. might default on its debt as early as August without action to raise or suspend the debt ceiling by mid-July, citing potential harm to the financial system and America's global standing; the Treasury has already implemente...

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US Faces August Debt Default Deadline

Treasury Secretary Scott Bessent warned Congress Friday that the US could default on its debt obligations as early as August if the debt ceiling is not raised, urging them to act before their July recess to avoid a potential global economic crisis.

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US Treasury's Critical Funds Depletion Risks National Debt Default

The US Treasury's \$280 billion remaining balance, following a record \$286 billion drawdown in March, necessitates immediate action to avert a potential national debt default, given the looming debt ceiling and insufficient funds for crucial programs.

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US Debt Ceiling Breach Prompts Emergency Measures, Trump Acts

The US exceeded its $36.1 trillion debt ceiling, prompting emergency measures to avoid default, including temporary benefit payment halts. President Trump, upon inauguration, imposed tariffs and established a 'Government Efficiency' ministry to cut spending. Congress must raise or suspend the debt c...

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US Averts Debt Ceiling Crisis, But Trump's Agenda Looms

The US narrowly avoids breaching its $US36.1 trillion debt ceiling with temporary measures as Treasury Secretary Janet Yellen warns of potential default if Congress fails to act; President Trump's agenda, including tax cuts, is projected to add $US7.75 trillion to the national debt over a decade.

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US Debt Ceiling Reinstated, Setting Stage for January Showdown

The US debt ceiling was reinstated Thursday at nearly $36.2 trillion, but a projected dip in debt allows for continued borrowing until at least mid-January; President-elect Trump is demanding immediate action, while Republicans face internal divisions over spending cuts, setting up a major challenge...

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US Faces Potential Debt Default in August

Treasury Secretary Scott Bessent warned Congress that the US could default on its debt obligations as early as August if the debt ceiling isn't raised by mid-July, urging them to act before their recess to avoid a potential global economic crisis; Republicans who control Congress are divided on how ...

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US Faces August Cash Crunch Unless Congress Raises Debt Ceiling

US Treasury Secretary Scott Bessent urged Congress on May 9th to raise or suspend the debt ceiling by mid-July to prevent a potential government shutdown in August due to the depletion of emergency funding measures implemented after hitting the debt limit in January. Failure to act could severely da...

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CBO Warns of Potential US Government Default in Late 2025

The Congressional Budget Office (CBO) warns the U.S. government may default on its debt as early as August or September 2025 if Congress fails to raise the $36.1 trillion debt ceiling, creating a potential economic crisis.

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US Debt Ceiling Crisis: Trump's Emergency Measures and Tariff Hike

Facing a debt ceiling crisis exceeding $36.1 trillion, the US is implementing temporary spending cuts to avoid default. President Trump, upon inauguration, announced a 25% tariff hike on Mexican and Canadian goods and established a new "Government Efficiency" ministry headed by Elon Musk to cut fede...

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US Debt Ceiling Crisis Looms as Congress Faces January 16th Deadline

The US will reach its $36 trillion debt limit on January 16th, prompting Treasury to use temporary measures until March 14th, when Congress must raise or suspend the limit to avoid a potential default and global economic crisis; internal divisions within the Republican party complicate this process.

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us.cnn.com
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US Debt Ceiling Reinstated, Delaying but Not Avoiding Looming Crisis

The US debt ceiling was reinstated at nearly \$36.2 trillion on Thursday, delaying the need for extraordinary measures to avoid default until mid-January, creating a political challenge for Republicans in Congress who must resolve it before a potential first-ever default.

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Showing 1 to 12 of 17 results