Yellen outlines to Congress emergency measures on debt limit
In a letter Friday to House and Senate leaders, Yellen said that her actions would buy time until Congress can pass legislation to either raise the debt limit or suspend the limit again for a period of time.
Treasury announces plans to borrow $463 billion this quarter
The big increase of $368 billion was attributed to passage of a $1.9 trillion support measure that President Joe Biden pushed through Congress in March which provided another round of relief payments totaling $1,400 per individual.
CBO expects U.S. federal debt to double over next 30 years
The long-term drivers of managing the debt are rising interest rates and spending on programs such as Social Security and Medicare.
WATCH: Senate budget committee holds hearing on updated CBO outlook
The Treasury Department said that the U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year.
As 2019 enters its final quarter, protesters have taken to the streets in dozens of places worldwide. While circumstances differ from country to country, demonstrators are united in frustration with economic disparities -- and perceived government inaction to address them.
Top leaders of both parties in Congress made better-than-expected progress Tuesday on two must-do items on the legislative agenda: averting automatic budget cuts and meeting a deadline later this year to increase the government's borrowing limit.
President Donald Trump's trade policies are turning long-established Republican orthodoxy on its head.
After a brief government shutdown early Friday, Congress approved and President Trump signed a budget deal that's expected to add around $300 billion to the deficit over a decade. Should Americans be concerned? Judy Woodruff gets reactions from Jared Bernstein…
Republican leaders are poised to add a few trillion dollars to the national debt over the next decade.
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