Donald Trump will have to convince Congress to agree to raise the debt limit to fulfil his economic agenda - Evelyn Hockstein/Reuters America risks defaulting on its debts for the first time in ...

For decades, investors thought the risk of the US government defaulting on its debt was essentially zero. It was nice while it lasted. There’s still a low chance the US government will fail to pay ...

"We have during our service in the Treasury Department faced moments of crisis, when the specter of an American default loomed," the former secretaries wrote in a New York Times op-ed. "Any hint of ...