The nonpartisan budget office also said that if tax receipts fall short of projections, and Congress fails to act on the debt limit, the U.S....

Daniel Werfel is expected to defend the administration’s plan to modernize the agency at his confirmation hearing on Wednesday.

The latest standoff over raising the nation’s debt ceiling is giving new life to an old theory about how to avoid a default.

A renewed focus on fiscal restraint in the debt limit standoff with Democrats poses its own political risks.

The International Monetary Fund said the world economy was poised for a rebound as inflation eases.

The Biden administration is focusing on making the agency more responsive amid concerns that a funding increase will result in more audits.

Treasury Secretary Janet L. Yellen will soon need to use accounting maneuvers to keep the United States from defaulting on its debt.

The United States has a cap on the amount of money it can borrow. That means it can run out of cash if the limit...

Kristalina Georgieva, the managing director of the International Monetary Fund, predicts that a global recession can be avoided.

The National Taxpayer Advocate expressed hope that better days were ahead for the tax collection agency.