The Treasury secretary warned that a default would lead to a “very substantial downturn.”

Treasury is running out of cash, leaving little time to resolve a debt ceiling standoff that could result in default.

The bank regulator has seen staff lured away by the private sector, leaving the financial system more vulnerable to a crisis.

Mr. Banga’s appointment to a five-year term was confirmed on Wednesday by the World Bank.

The central bank must consider how looming U.S. default could impact the economy as it makes a decision on raising interest rates.

Congress controls how much money the United States can borrow. Here’s a look at why that is and what it means.

The recommendations followed concerns that fueled a run on several banks.

The Treasury Department’s ability to delay a default, the so-called X-date, hinges on how fast the money is coming in.

There was optimism at the spring meetings of the I.M.F. and World Bank that China will make concessions over restructuring its loans.

The International Monetary Fund says a painful slowdown, which could include a recession, has become a bigger risk for the global economy.