In its current form, the budget legislation moving through Congress would exacerbate the fiscal challenges we face.

Candidates Joe Biden and Donald Trump have added trillions to the national debt during their recent presidential administrations, leaving America at a critical juncture that demands urgent ...

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

Timeline for federal payments in early June ... the Treasury to first pay all principal and interest on the national debt, then all Social Security and Medicare benefits. MORE: How US national ...

The think tank said Monday that tax revenues will also be a key factor in the timeline. The debt limit was last suspended ... staving off the threat of national default through early 2025.

Having debt is important in times of crises, but if investors think it’s too risky to lend money to a country, interest rates can go up.