US Credit Downgrade Sparks More of the Fighting It Warned About
The downgrade of the U.S. credit rating from AAA to AA+ by Fitch on Tuesday has produced a range of reactions from politicians, economists and Wall...
U.S. Credit Rating Downgraded from AAA by Fitch
Fitch Ratings downgraded the long-term credit rating of the United States from AAA to AA+ on Tuesday, citing the U.S. government’s debt burden and its...
House Lawmakers Announce Bipartisan Group Focused on the Debt
Fiscal hawks in the House of Representatives have a new BFF. A group of lawmakers led by Democratic Rep. Scott Peters of California and Republican Rep...
National Debt Projected to Soar Over Next 30 Years: CBO
Despite the dramatic showdown over the debt ceiling and the resulting budget agreement that restrains federal spending through 2025, the national debt...
National Debt Tops $32 Trillion for the First Time
The U.S. national debt surpassed $32 trillion for the first time on Thursday, according to Treasury Department data released today. The milestone...
Deficit Hits $1.2 Trillion for First 8 Months of Fiscal Year 2023
The federal budget deficit was $236 billion in May, according to the Congressional Budget Office’s latest monthly estimate, bringing the total for the...
Hardliners Continue to Paralyze House in Revolt Against McCarthy
A group of hardline conservatives continued their revolt against Speaker Kevin McCarthy on Wednesday, blocking action on the House floor for a second...
House Hardliners Rebel in Anger Over Debt Limit Deal
A group of conservatives, still angry over the deal Speaker Kevin McCarthy struck with President Joe Biden to resolve the debt limit fight, blindsided...
Debt Limit Deal Has No Effect on US Credit Rating: Moody’s
The Fiscal Responsibility Act signed into law this past weekend by President Joe Biden eliminates the risk that the U.S. could default on its interest...
Biden Touts Passage of Debt Limit Bill: 'Crisis Averted'
In an address to the nation on Friday, President Joe Biden celebrated the passage of the bipartisan bill to raise the debt limit. “Crisis averted,” he...