Biden Says He's 'Passing the Torch' in Oval Office Address on Race Exit

Extraordinary measures, often described as accounting maneuvers, allow the Treasury to free up cash and delay default. Treasury Secretary Janet Yellen has warned that the United States will hit its statutory debt...

New York State Sen. Dan Stec, a Republican and Navy veteran, is running for Congress. Stec has tossed his hat in the ring to succeed Rep. Elise Stefanik, R-N.Y., who will vacate her seat in the House of Representatives...

Treasury Secretary Janet Yellen suggested in a letter to Congress on Friday that the department doesn’t think the U.S. will need to take “extraordinary measures” on Jan. 2 to avoid defaulting on its...