The Treasury Department on Friday said the government is beginning to run out of money to finance its debt obligations.

Treasury Secretary Janet Yellen warned Congress that the country could hit the debt ceiling as soon as Jan. 14 in a letter ...

Treasury Secretary Janet Yellen said Friday she expects the U.S. will officially run up against its borrowing limit in mid- ...

The notification to Congress is the clearest sign yet that the fight to avoid default will likely take place in the early ...

U.S. President-elect Donald Trump said on Sunday the 2023 debt ceiling extension agreed by then House Speaker Kevin McCarthy ...

The reality is that a U.S. government default would be unprecedented, and many experts have said it would likely lead to ...

The debt ceiling is the limit placed by Congress on the amount of debt the government can accrue. In order to pay its bills ...

CDLAC has a population-based formula to determine the cap. CDLAC was created to set and allocate California's annual debt ...

Donald Trump is demanding that the House of Representatives votes on the debt ceiling extension (or abolition) “NOW” so that ...

The debt ceiling is the total amount of money that the government can borrow to meet its existing legal obligations.

The department has in the past deployed what are known as “extraordinary measures” or accounting maneuvers to keep the government operating.