Senior Treasury officials reiterate dire warnings if debt ceiling isn’t lifted, pour cold water on invoking the 14th Amendment

CNN  —  Ahead of a very predicted conference in between President Joe Biden and Congressional leaders on Tuesday, senior Treasury officers reiterated dire warnings of economic “chaos” and “catastrophe” if…

US could default on debt as soon as June 1

Personal debt ceiling watchers have had June 15 circled on their calendars for months now as an crucial date. The vital dilemma: Will the authorities have ample in the financial…

Management Report: Continued Improvements Needed in the Bureau of the Fiscal Service’s Information System Controls Related to the Schedule of Federal Debt

Rapid Information Treasury’s Fiscal Assistance problems personal debt to borrow cash for federal operations, and studies the financial debt on economical statements called the Schedules of Federal Debt. We audit…

Will it take market crash for Congress to raise debt limit?

WASHINGTON (AP) — There’s one particular way to power President Joe Biden and Congress to address the looming disaster above the debt limit: a economical sector crash. That is a…

Government auditor concerned about ‘financial management weaknesses’ as debt ceiling crisis looms

The Authorities Accountability Business reported Thursday that it could not situation an view on the dependability of the U.S. government’s consolidated monetary statements as the debt ceiling disaster looms. Gene…

Troubling signs emerge as credit card debt hits record high

As credit card financial debt strike an all-time large — just shy of $1 trillion — in the final three months of 2022, delinquencies amongst borrowers accelerated. Balances grew $61…