Markets now price in the risk of the US government defaulting on its debts. The risk is small, but it should be zero.

President Donald Trump wants his “big, beautiful” bill of tax breaks and spending cuts on his desk to be signed into law by ...

Donald Trump ally Elon Musk lambasted the president’s signature tax bill as a budget-busting “abomination” as Republican ...

The U.S. national debt is a mix of government bonds that trade daily and non-marketable securities that sit exclusively on ...

The Treasury Department has pledged to stop producing the penny by early next year. Here's why — and what becomes of your one-cent coins.

The Philippines did not spend 90 percent of its national budget in the first four months of the year, contrary to false ...

The problem isn’t only the trillions owed. It’s that no modern country has become this indebted absent a crisis.