A fiscal crisis – sometimes called a sovereign debt crisis – is a sharp economic shock or downturn caused or sparked by high ...

The last time the U.S. government went to the brink of defaulting on its debt — in 2011 — the stock market tumbled and there was something close to a panic across the economy before Washington came to ...

"The United States is deeply indebted, and its finances are on an unsustainable long-term trajectory," says the Committee for ...

The chief of the largest American bank is again sounding the alarm about Washington's finances, warning that a $38 trillion national debt is pushing the United States toward a crisis. Chase CEO Jamie ...

An interesting week for biblical economics: the longstanding voice in the wilderness Ron Paul announced he is retiring from Congress to focus on a presidential bid and the crisis over the debt ceiling ...

WASHINGTON -- The debt limit negotiations between GOP negotiators and the White House ended Friday night with no progress after meeting for roughly an hour and a half. And there's no set plans for the ...

President Joe Biden put the debt ceiling drama front and center in his State of the Union address for all the world to see—and the world was watching. The Biden administration is looking for a “clean” ...

"Yet the JGB has unique features going for it, which limit the odds that the next debt crisis will be made in Japan." ...