Donald Trump signed an executive order on Monday paving the way for an American sovereign wealth fund. There are many reasons ...

Donald Trump and Elon Musk could use sensitive Treasury information to punish their enemies — or they could break America’s payment system entirely.

A hotly contested deal was finally struck between Democrats and Republicans in June, suspending the debt ceiling and allowing further spending until 2025. The debt ceiling was last raised in late ...

U.S. federal budgeting has two major categories of spending. The one subject to the most scrutiny is “discretionary” spending, which is the basis of the annual appropriations process. This includes ...

House Majority Leader Steve Scalise discussed Republicans' plans to grapple with several fiscal deadlines on the horizon.

Speaker Mike Johnson (R-La.) in a Tuesday interview with The Hill’s Emily Brooks floated the possibility of working with ...

Bessent, a hedge fund manager, becomes the nation’s 79th Treasury secretary. He will lead President Trump’s economic agenda.

Republicans have leveraged the debt ceiling for years to block Democrats’ agenda. Now liberals see an opening to stymy Trump.

The breaching of the US debt limit could expose 2 bullish catalysts for stock prices: lower interest rates and gridlock among ...

Does America need a debt ceiling? Congress is on the clock to raise the limit or risk defaulting as the debt rises above $36.2 trillion.

Top House Democrats are pouring cold water on a Republican proposal to trade a debt limit increase for California wildfire aid, with House Minority Leader Hakeem Jeffries telling reporters it was a ...

Congressional GOP leaders are in a massive pickle as they weigh how to deal with a looming deadline to raise the debt ceiling ...