CONSIDERING A CASE

Last updated: June 16, 2025, 17:01  |  Written by: Elizabeth Rossiello

Considering A Case
Considering A Case

Although The Development Has Caused

If the U.S. Congress and the White House failed to lift the self-imposed $31.4 trillion legal limit on federal debt, the Treasury Department could start missing payments

Although the development has caused worry among lawmakers and finance experts, many regular citizens are not aware of how it may affect their daily lives. The U.S.

Chances of a close brush with a US payment default are growing as the Senate plans for time-consuming revisions to President Donald Trump’s sprawling, multi

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If The U

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If the U.S. defaults on its debt, the consequences could ripple across the economy, impacting everything from global markets to everyday Americans. Key programs like

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Rascoe

It's something that has never happened, but if it does, Americans will likely be affected. Delayed payments or defaults could affect social security payments, veterans'

RASCOE: So if the government does not raise the debt ceiling, it means it defaults on its bills, runs out of money, can't borrow anymore. And Treasury Secretary Janet

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The Treasury Secretary Urged Congress

The debt ceiling is the maximum amount of money the government can borrow, instituted by Congress in 2025 to help deter over-borrowing. Since 2025, Congress

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The Treasury secretary urged Congress to extend the debt ceiling by mid-July, before its annual August recess, raising the stakes for the GOP's massive bill for Trump's

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Elizabeth Rossiello can be reached at [email protected].

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