Beneath the bond and share market turmoil induced by President Trump lurks the fear that the US is heading for a debt crisis.

Ministers had taken the unusual step of recalling parliament from its Easter recess after negotiations with British Steel’s ...

Trump says the US is "doing really well on our tariff policy", following fluctuations in global stock markets.

Recent reports from the Congressional Budget Office (CBO) and the Bipartisan Policy Center estimate that the debt ceiling, ...

The US Treasury Department ... still available in the Treasury's account. Additionally, since January 2, the Treasury has been using temporary accounting tricks dubbed 'extraordinary measures ...

March 27 (UPI) --If Congress does not raise the debt ceiling, the United States is expected to ... are due and additional so-called extraordinary measures become available to the Treasury to ...

WASHINGTON -- The United States is on track to hit its statutory ... cushion to pay all its bills after exhausting its "extraordinary measures," the accounting maneuvers used to stretch existing ...

WASHINGTON — The United States is on track to hit its statutory ... cushion to pay all its bills after exhausting its “extraordinary measures” the accounting maneuvers used to stretch ...

The Congressional Budget Office estimated that the U.S. faces the risk of defaulting on its debt in August or September if lawmakers don't act to raise the debt limit before then.