The Treasury Department has taken extraordinary measures to avoid a financial crisis since the previous debt issuance suspension period expired. But without a new debt limit, the federal budget will ...

WASHINGTON -- While the concept of the debt ceiling might seem "in the weeds," it actually poses a very real threat to millions of Americans in a precarious economic period. If lawmakers on Capitol ...

The U.S. Senate has released details about its version of the budget reconciliation package known as President Donald Trump's "One Big Beautiful Bill Act." The House passed its version of the bill on ...

Senate Republicans are backing a budget package that would raise the debt ceiling by $5 trillion, the largest increase in U.S. history, raising questions about its economic impact. The proposal is ...

Senate Minority Leader Mitch McConnell reportedly has been waiting for Boehner's plan to run its course in the House before working on a compromise with Reid, but Associated Press' Andrew Taylor ...

WASHINGTON — The Senate voted Thursday to raise the ceiling on the government debt to $12.4 trillion, an increase over the current limit and a political problem that President Barack Obama has ...

WASHINGTON (AP) — Senate Republican leader Mitch McConnell on Wednesday told Democrats he would allow an emergency debt limit extension into December, edging back from a perilous standoff by offering ...