The U.S. is on track to run out of money to pay its bills as early as August without congressional action, Treasury Secretary ...

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. In a letter ...

"After the debt limit was reinstated in January, Treasury Secretary Janet Yellen — in one of her last acts in the position — said the agency would institute "extraordinary measures" intended ...

The debt limit was last suspended by Congress as part ... However, then-Treasury Secretary Janet Yellen said in January that the government would have to implement “extraordinary measures ...