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    US budget

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    • Wednesday, 15 March, 2023
      The FT ViewThe editorial board
      A looming game of chicken on US debt

      Chasm grows between Republicans’ cliff stance and Biden’s budget pitch

    • Thursday, 9 March, 2023
      US politics & policy
      Biden proposes big tax rises in budget to shave $3tn off US deficit

      White House plan includes trillions of dollars in spending on Democratic policy priorities including healthcare

    • Thursday, 9 March, 2023
      US politics & policy
      Joe Biden’s budget draws fiscal battle lines with Republicans ahead of 2024

      Annual proposal comes as clash of economic ideologies is increasingly central to next US presidential race

    • Wednesday, 15 February, 2023
      US government risks defaulting on debt as soon as July, agency warns

      Congressional Budget Office forecast comes amid growing political war of words over lifting borrowing limit

    • Tuesday, 7 February, 2023
      Megan Greene
      Forget Groundhog Day vibes on debt ceiling — this time it’s different

      US default could prompt countries to hedge their dollar bets and add other currencies to foreign exchange reserves

    • Monday, 6 February, 2023
      US Treasury bonds
      The day after the drop-dead debt ceiling date

      Will the end of “extraordinary measures” lead to financial Armageddon or not?

    • Thursday, 2 February, 2023
      Biden and McCarthy express willingness to continue talks over US debt ceiling

      President and House Speaker remain at odds over how to avoid default after first face-to-face meeting

    • Wednesday, 25 January, 2023
      The FT ViewThe editorial board
      Washington’s perilous debt ceiling impasse

      Congress must agree to raise the limit — and then ditch it for a saner measure

    • Thursday, 19 January, 2023
      The US hit the debt ceiling. What happens next?

      Treasury to take ‘extraordinary measures’ to avoid default once $31.4tn borrowing limit is reached

    • Friday, 13 January, 2023
      Yellen warns US will hit $31.4tn debt ceiling next week

      Treasury secretary said milestone could run risk of a damaging debt default starting in early June

    • Tuesday, 10 January, 2023
      UnhedgedRobert Armstrong
      The debt ceiling is scarier this time Premium content

      Markets are more complacent and Congress more reckless

    • Friday, 23 December, 2022
      US politics & policy
      Congress gives final approval to massive $1.7tn spending bill

      Legislation including $45bn in Ukraine aid goes to US president Joe Biden for his signature

    • Thursday, 22 December, 2022
      US politics & policy
      US Senate passes $1.7tn spending bill that includes new aid for Kyiv

      House will now take up legislation that covers another $45bn in assistance for Ukraine a day after Zelenskyy visit

    • Friday, 16 December, 2022
      US politics & policy
      US labour agency threatens to furlough its own staff in budget crunch

      Union petitions handled by National Labor Relations Board rose 53% in the latest fiscal year

    • Saturday, 12 November, 2022
      On Wall StreetMegan Greene
      What the midterms mean for investors

      US equities tend to outperform in the six months after polls against the preceding half-year

    • Sunday, 29 May, 2022
      Michael Strain
      Reducing the US deficit will mean pain for the middle classes

      Neither taxing the top 2 per cent nor cutting spending on low-income households will ease America’s fiscal imbalance

    • Wednesday, 15 December, 2021
      US politics & policy
      Congress votes to lift US debt ceiling to narrowly avoid default

      Proposal to raise government borrowing limit by $2.5tn passes both chambers just before deadline

    • Wednesday, 8 December, 2021
      US politics & policy
      Congressional leaders open way for deal to raise US debt ceiling

      Bill would stave off default and government shutdown that threaten to ‘eviscerate’ economic recovery

    • Friday, 3 December, 2021
      US government shutdown
      Congress votes to avert US government shutdown

      Several Republicans threatened to refuse funding in protest against Covid rules for businesses

    • Tuesday, 30 November, 2021
      US politics & policy
      Biden faces US legislative logjam in run-up to Christmas

      Clock is ticking for Democrats to pass $1.75tn spending bill, avert a government shutdown and avoid default

    • Sunday, 21 November, 2021
      US politics & policy
      Inflation fears hang over Biden’s social spending plans

      President’s legislative victories are being overshadowed by concern over rising prices

    • Friday, 15 October, 2021
      ExplainerUS politics & policy
      Biden’s $3.5tn spending plan: ‘There are choices to be made’

      Democrats face tough trade-offs as they try to winnow ambitious package to please centrists

    • Friday, 8 October, 2021
      US Government
      Senate votes to raise US debt limit until December

      Upper house of Congress passes stop-gap measure to stave off threat of a default

    • Tuesday, 5 October, 2021
      ExplainerUS politics & policy
      The debt ceiling: can the US avert a disastrous default?

      Lawmakers are hurrying to prevent an unprecedented crisis. Here’s how they might do it

    • Monday, 4 October, 2021
      US politics & policy
      Biden accuses Republicans of recklessness in debt ceiling stand-off

      President warns dollar could lose its status as global reserve currency without deal

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