Get the latest news as Congress moves to avert a government shutdown and extend funding into March, during President-elect ...

Fact checked by Vikki Velasquez Key Takeaways The average credit card balance per borrower in the U.S. was $6,618 at the start of 2025, up about 1.2% from 2024.Total U.S. credit card debt is ...

The House of Representatives narrowly approved a Republican bill that links avoiding a default with enacting spending cuts and several GOP policies rolling back several of President Biden's policies.

Many countries have adopted fiscal rules to foster fiscal discipline, but compliance has been mixed. Recent policy shifts and heightened policy uncertainty further intensify spending pressures and ...

The Congressional Budget Office (CBO) on Wednesday released data showing the federal government ran a $1.8 trillion budget deficit in fiscal year 2025 amid mounting interest costs on the nearly $38 ...

Weary veterans of Washington’s budget battles hoped they were finished. But mere hours after House budget chairman Paul Ryan signed a deal to avert another government shutdown, he raised the ...

Countries have increasingly adopted fiscal rules and frameworks that aim to give clarity and predictability to government spending. But these rules have not been as effective in keeping deficits and ...