The International Monetary Fund Tuesday urged the United States to outline credible measures to reduce its budget deficit, pressuring the White House to detail plans to ratchet down record debt levels. Get the full story »
Inside these posts: Federal debt ceiling
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U.S. to hit debt ceiling later than expected
The United States will hit a $14.3 trillion statutory limit on its debt slightly later than estimated, the Treasury said Wednesday as it unveiled a still-hefty debt auction schedule.
Treasury officials said the limit would now be hit between April 5 and May 31, versus a previous estimate of end-March to mid-May. The later time frame reflected an upward revision to estimates of tax receipts and a downward revision to projected borrowing from the Social Security and Medicare trust funds. Get the full story »
