Under the Biden-Harris administration—working with a Congress in which Republicans controlled the House and Democrats the Senate—the federal government spent $6,751,552,000,000 in fiscal year ...

Under the Biden-Harris administration -- working with a Congress in which Republicans controlled the House and Democrats the Senate -- the federal government spent $6,751,552,000,000 in fiscal ...

Below are the three things you really need to know about Congress borrowing money from Social Security. 1. It's a loan (by law) and not theft or a raid.

When Congress spends more than has been collected in taxes the U.S. has to borrow the money. The annual deficit is the difference between what is spent and what is collected in taxes in a given year.

Under the Biden-Harris administration — working with a Congress in which Republicans controlled the House and Democrats the Senate — the federal government spent $6,751,552,000,000 in fiscal ...

So important is the power to borrow money that it was one of the few real powers expressly delegated to the weak and ineffectual government created under the Articles of Confederation. In drafting ...

Congress is still hashing out the details of President Trump’s “big, beautiful” budget bill, but one thing seems clear: Whatever passes will have major implications for student loans.

The U.S. national debt is near its statutory limit of $28.4 trillion, and Congress has to act this month to prevent the government from defaulting on its financial obligations.

Congress has to raise the U.S. debt ceiling before Oct. 18, to prevent a first-ever default. It could mean a spike in mortgage rates and other consumer borrowing for Americans ...

The United States Treasury Department said Monday that it plans to borrow $1.02 trillion during the current ... If Congress decided to raise or suspend the limit, then money could be borrowed.

When Congress spends more than has been collected in taxes the U.S. has to borrow the money. The annual deficit is the difference between what is spent and what is collected in taxes in a given year.

Congress is still hashing out the details of President Trump’s “big, beautiful” budget bill, but one thing seems clear: Whatever passes will have major implications for student loans.