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Potential Debt Ceiling Deal Would Barely Change Federal Spending Path

Biden, Joseph R Jr Congressional Budget Office Federal Budget (US) McCarthy, Kevin (1965- ) Medicare National Debt (US) Social Security (US) United States Economy United States Politics and Government

Potential Debt Ceiling Deal Would Barely Change Federal Spending Path

Negotiators have focused on a relatively small corner of the budget, shunning new revenues or cuts to the fastest-growing programs

By Jim Tankersley

Yellen Warns of Missed Payments if Debt Limit Is Not Lifted

Federal Budget (US) National Debt (US) Treasury Department United States Economy United States Politics and Government

Yellen Warns of Missed Payments if Debt Limit Is Not Lifted

The Treasury secretary said the Biden administration would face “very tough choices” if Congress did not act.

By Alan Rappeport

U.S. Debt Default Could Damage Nation’s Credit Rating

Credit Ratings and Credit Rating Agencies Fitch Ratings Moody's Investors Service Inc National Debt (US) Standard & Poor's Corp

U.S. Debt Default Could Damage Nation’s Credit Rating

If the government misses an interest payment, even by a few hours, its creditworthiness will suffer, possibly for a long time.

By Joe Rennison

U.S. Faces ‘Elevated Risk’ of Default in Early June, a New Report Warns

Bipartisan Policy Center Federal Budget (US) National Debt (US) United States Politics and Government

U.S. Faces ‘Elevated Risk’ of Default in Early June, a New Report Warns

The Bipartisan Policy Center said the government will be operating on “dangerously low” cash reserves after Memorial Day in its estimate of the so-called X-date.

By Alan Rappeport