Treasury Secretary Scott Bessent has issued a warning that the United States is nearing its debt limit, adding urgency to the crucial fiscal matter. While he acknowledged receipt […]
U.S. Treasury Raises Borrowing Estimate Amid Debt Ceiling Crisis
The U.S. Treasury has revised its borrowing estimate for the second quarter upwards, increasing by $391 billion compared to projections from February. This adjustment is due to Congress’s […]
U.S. House Passes Trump’s Tax Cut and Debt Ceiling Plan
The U.S. House of Representatives has taken a major step forward in implementing President Donald Trump’s economic agenda by advancing his plan to cut taxes and raise the […]
US Tax Shortfall Raises Concerns About Debt Ceiling Default
The United States is facing a concerning tax revenue shortfall, with refund payments exceeding initial projections and contributing to earlier than anticipated government cash flow issues. This potential […]