public debt

It was a wild week on Wall Street

It was far from the dog days of summer on Wall Street this past week. Investors went on a roller coaster ride after the markets reacted to both good and bad news.

Argentina's peso falls 15% after surprise election

A surprise result in Argentina's primary election sent the country's currency and stocks plunging Monday, with investors fearing that populists could replace the country's current, business-friendly government.

US budget deficit rises 27% through July

The US budget deficit widened to $867 billion for the first 10 months of the fiscal year, an increase of 27% over this time last year, the Treasury Department reported Monday.

100 people arrested at NYC ICE protests

About 100 people were arrested in New York City after protesters demanding an end to Immigration and Customs Enforcement (ICE) forced the closure of a major highway.

Senate passes massive budget deal

The Senate passed Thursday a massive budget deal that would stave off the looming threat of a potential default on US debt and prevent automatic spending cuts to domestic and military funding.

House passes sweeping budget and debt limit deal

The House of Representatives on Thursday passed a sweeping two-year budget and debt limit deal that would stave off the looming threat of a potential default on US debt and prevent automatic spending cuts to domestic and military funding.

Key GOP senator: Budget deal will pass, but votes still being counted

Senate Majority Whip John Thune predicted Thursday that a spending caps and debt ceiling agreement will pass the chamber when it comes up for a vote next week, but he and other sources acknowledged Senate leaders are still whipping the vote and they are not taking anything for granted.

How Jerome Powell stopped a US default in 2011

In May of 2011, then-Treasury Secretary Tim Geithner issued a stark warning letter to Congress: the US government had hit the debt limit and would no longer be able to pay its bills past August 2. That gave Congress exactly 11 weeks before America's wallet would be empty.

Debt ceiling fight: No deal yet

All eyes are on House Speaker Nancy Pelosi and those telephone calls with Treasury Secretary Steven Mnuchin and the bottom line is simple: every day there is less time and getting a deal locked in becomes more essential.

3 reasons to fear America's $70 trillion debt pile

America's debt load is about to hit a record. The combination of cheap money and soaring debt helped fuel the decade-long economic expansion and bull market, but America's gluttony of loans could work against it if its fragile economic balance shifts.