WASHINGTON — A mass shooting in Allen, Texas, and another in Cleveland, Texas. The first-ever indictment of a former president, followed by a sex abuse verdict, followed by the indictment of a sitting ...

WASHINGTON — America could face an unprecedented default on its obligations as soon as early June if Congress does not act to lift the debt limit, a Washington think tank said Wednesday. The ...

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Nothing like a debt-ceiling brawl to raise the public's anxiety levels. The Republican threat two summers ago to let America default on its borrowing helped lower America's credit rating and sent ...

For decades, investors thought the risk of the US government defaulting on its debt was essentially zero. It was nice while it lasted. There’s still a low chance the US government will fail to pay ...

America, we have a problem. MAGA Republicans are threatening to default on America for the first time in history unless they can take away the things everyday Americans need to survive: food and ...

Most of the time, the impossibility of America defaulting on its sovereign bonds is taken as a fundamental axiom of the financial system. The country issues the world’s reserve currency, so investors ...

A full-blown recession and credit crunch could spur an 8% corporate default rate, BofA estimated. That would put nearly $1 trillion of existing corporate debt in distress, the bank said in a note.