Politics
U.S. Could Run Out of Cash by May, Budget Office Predicts
The U.S. could run out of money to pay its bills by late May if Congress does not raise or suspend the nation’s debt limit, the…
Tag
National Debt (US)
Politics
U.S. Could Run Out of Cash by July, Analysis Finds
The United States could run out of cash to continue paying its bills by mid-July if Congress does not take action to raise or suspend the…
Business
A Trump DOGE Dividend Could Raise Inflation
DealBook’s Lauren Hirsch is in Miami Beach at the FII Priority conference, where President Trump floated the idea of sending Americans a…
Business
Interest Rate Cuts on Hold Till Inflation Improves, Fed Meeting Minutes Show
The Federal Reserve pressed pause on interest rate cuts last month. The minutes from its January meeting suggest the hiatus is likely to…
Politics
Federal Debt Is Now Worrying Even Progressives
The 119th Congress began, as it so often has in recent years, with calls from Republican politicians for wrestling down the national debt,…
Business
Higher Interest Rates Make Federal Debt More Expensive
The path of interest rates over the next year doesn’t just affect the cost of mortgages and car loans. It also makes it more expensive for…
Politics
Senate Confirms Scott Bessent as Treasury Secretary
The Senate on Monday voted 68 to 29 to confirm Scott Bessent to be President Trump’s Treasury secretary, putting in place the new…
Politics
U.S. to Deploy ‘Extraordinary Measures’ to Avoid Default on Jan. 21
Treasury Secretary Janet L. Yellen told Congress on Friday that on Jan. 21 the Treasury Department will have to begin using “extraordinary…
Politics
US Debt Faces Record as Trump and GOP Plan Tax Cuts
The United States is poised to add trillions of dollars to the national debt over the next decade as the mounting costs of social safety…
Business
A First-Day Trump Order: A Federal Stockpile of Bitcoin?
A pair of 50-page policy proposals laying out the plan in detail. Discussions about the specifics with President-elect Donald J. Trump and…
Politics
What Scott Bessent, Trump’s Treasury Pick, Might Get Asked Today
A test for Trump’s cabinet pick For businesses and markets, perhaps the most important of the hearings for the incoming Trump…
Politics
Trump Treasury Pick Scott Bessent to Face Grilling
Scott Bessent, President-elect Donald J. Trump’s pick for Treasury secretary, will face questions from lawmakers on Thursday about how he…