Latest National debt News
Yellen says Treasury will use 'extraordinary measures' on Jan. 21 to prevent hitting debt ceiling
WASHINGTON (AP) — In one of her last acts as Treasury Secretary, Janet Yellen said her agency will start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, on January 21 in a letter sent to congressional leaders...
CBO projects US debt to grow $23.9 trillion in 10 years, not including costs of extending tax cuts
WASHINGTON (AP) — The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump. The nonpartisan Congressional Budget Office released its 10-year...
Treasury nominee calls for stronger Russia sanctions and Fed independence at confirmation panel
WASHINGTON (AP) — U.S. Treasury nominee Scott Bessent on Thursday faced sharp questions from both Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the future of an IRS tax filing system that Republicans have called to be cut. And in turn, Bessent...
Trump endorses Mike Johnson to stay on as House Speaker despite government funding turmoil
WEST PALM BEACH, Fla. (AP) — President-elect Donald Trump on Monday endorsed House Speaker Mike Johnson, providing crucial backing for the Louisiana Republican as he prepares for what is expected to be another contentious speakership race this week. Trump said in a post on his...
Janet Yellen tells Congress US could hit debt limit in mid-January
WASHINGTON (AP) — Treasury Secretary Janet Yellen said her agency will need to start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, as early as January 14, in a letter sent to congressional leaders Friday...
The new right gathers to celebrate Trump and the splintering of the Republican Party
PHOENIX (AP) — As Washington heaved over the possibility of a partial government shutdown, leading far-right figures gathered with thousands of Donald Trump’s most ardent supporters and, for the most part, gloried in splintering the president-elect’s party. Speakers and...
What Trump's decision to wade into spending fight tells us about the next 4 years
WASHINGTON (AP) — After days of threats and demands, Donald Trump had little to show for it once lawmakers passed a budget deal in the early hours of Saturday, narrowly averting a pre-Christmas government shutdown. The president-elect successfully pushed House Republicans to...
