Debt is simply the total amount of money the US government owes to its lenders, currently amounting to $36.2 trillion. This ...

Question: Why does The U.S. government borrow money and thereby create debt when ... the debt adds interest and is thus more costly to us. Creating debt is simply dumb — it creates no more ...

The new estimate from Yellen raises the risk that the United States could default on its debt in a matter of weeks if Washington fails to act. A default would likely be catastrophic, tanking ...

US Could Run Short of Money to Pay Its Bills by August Without a Debt Limit Deal, CBO Says WASHINGTON (AP) — The United States is on track to hit its statutory debt ceiling — the so-called X ...