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The status quo of large U.S trade deficits cannot persist, Treasury Secretary Scott Bessent said. "Intentional policy choices by other countries have hollowed out America’s manufacturing sector ...

The Republican-controlled House of Representatives is moving forward with plans to raise the national debt ceiling by $4 ...

The SALT provision would raise the cap to $30,000 for those with a modified adjusted gross income of $400,000 or less.

House Appropriations Chair Tom Cole (R-Okla.) said Sunday that he does not believe “we’ll have a debt limit suspension” a few ...

The Treasury Department announced Friday that Congress must address the debt limit before August, setting a firm deadline for ...

Treasury Secretary Scott Bessent warned congressional leaders on Friday that the United States could exhaust its borrowing ...

Congress Faces Debt Ceiling Crisis as Treasury Secretary Calls for Immediate Solutions** Amid rising concerns about the nation’s financial stability, Treasury Secretary Scott Bessent has issued an ...

U.S. Treasury Secretary Scott Bessent has urged Congress to raise the federal debt ceiling by mid-July to prevent a potential ...

The announcement raises the stakes for Republicans, who are tying a $5 trillion debt limit increase to a legislative package.

Treasury Secretary Scott Bessent called on Congress Friday to raise the nation’s debt ceiling by mid-July to keep the federal ...