This study aims to explore the impacts of U.S. debt ceiling uncertainty on crude oil markets and further reveal the specific ...

The debt ceiling is the legal limit on the total amount of federal debt that the US government can have outstanding. The X-date is when the US government will exhaust its extraordinary measures and be ...

The nonpartisan Congressional Budget Office (CBO) on Wednesday released a projection that the U.S. government will need to raise the debt limit before this fall to avoid a potential default on the ...

WASHINGTON – Treasury Secretary Scott Bessent urged congressional leadership to raise the debt ceiling by mid-July, in a letter sent May 9 and viewed by USA TODAY. Otherwise, the federal government ...

U.S. Treasury Secretary Scott Bessent didn't have an estimated X-date, the time at which the Treasury expects to run out of cash to pay all the government's bills on time, he said in hearings before ...

WASHINGTON — Congressional Republicans have reached “consensus” on legislation that will increase the nation’s debt limit — while also extending tax cuts, deregulating energy policies and beefing up ...

Note: A version of this episode first ran in 2023. Every year, the U.S. government spends more money than it takes in. In order to fund all that spending, the country takes on debt. Congress has the ...

Debt ceiling uncertainty may affect crude oil market price through multiple channels simultaneously, e.g. enterprise ...

TORONTO (Reuters) -U.S. Treasury Secretary Scott Bessent on Tuesday said the date for the nation to reach its debt ceiling could change if courts interfere with U.S. President Donald Trump's tariff ...

Treasury Secretary Scott Bessent called on Congress on Friday to raise the nation’s debt ceiling by mid-July to keep the federal government from defaulting on its debt. “Therefore, I respectfully urge ...

Ms. Warren is a Democratic senator from Massachusetts and was a candidate for president in 2020. It is possible that hell has frozen over. President Trump and I agree on something very important: ...

The Bipartisan Policy Center estimates that the so-called X-date could fall between mid-July and early October if Congress does not lift or suspend the nation’s debt limit. By Alan Rappeport Reporting ...