US faces default risk in August if debt limit isn't raised, CBO estimates
The Congressional Budget Office estimated that the U.S. faces the risk of defaulting on its debt in August or September if lawmakers don't act to raise the debt limit before then.
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President Trump announces new auto tariffs
President Trump announced new auto tariffs during a White House press conference on Wednesday in an effort to boost domestic manufacturing and raise tax revenue from tariffs.
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National Debt Tracker: American taxpayers (you) are now on the hook for $36,216,093,287,593.75 as of 3/26/25
The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.
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