
U.S. Budget Deficit Hits $2.77T, Second Highest On Record
The 2021 deficit was an improvement from the all-time high of more than $3 trillion reached in budget year 2020.
LEARN MORETreasury Secretary Janet Yellen is urging Congress to raise or suspend the debt limit by Dec. 15 or the U.S. risks defaulting on its bills.
McCarthy had all but invited himself to the White House to start the conversation before a summer debt deadline.
By Susan Walsh / APThe Fed's latest move will likely further raise both the costs of many consumer and business loans and the risk of a recession.
By Jacquelyn Martin / APPresident Biden will visit the aging Baltimore and Potomac Tunnel that's slated to be replaced with help from bipartisan infrastructure legislation.
By Patrick Semansky / APA win by Bad Bunny would mark the first time a Spanish-language album has taken home the top honor.
By APThe $747 million Powerball jackpot up for grabs Monday night is the ninth largest in U.S. lottery history.
By Keith Srakocic / APFormer Israeli Prime Minister Naftali Bennett became one of the few Western leaders to meet President Vladimir Putin during the war.
By Tsafrir Abayov / AP