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 ...

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 ...

WASHINGTON — The Senate is poised to permit the government to borrow hundreds of billions of dollars more to meet its obligations, putting off one Washington showdown even as others loom in coming ...

WASHINGTON — Fending off a U.S. default, the Senate gave final approval late Thursday to a debt ceiling and budget cuts package, grinding into the night to wrap up work on the bipartisan deal and send ...

President Joe Biden and top congressional leaders opened their second meeting Tuesday in talks over raising the nation's debt limit. Biden met with House Speaker Kevin McCarthy, R-Calif., Senate ...

The recently passed One Big Beautiful Bill Act increased the debt limit to $41.2 trillion, or 136 percent of GDP. Some believe that Congress will have to raise the debt limit again before the 2026 ...

The Treasury Department started taking so-called extraordinary measures to keep paying the federal government's bills as the U.S. hit its debt limit Thursday, Treasury Secretary Janet Yellen said.

WASHINGTON -- Senate Republicans cast symbolic campaign-season votes Wednesday to increase spending for border and port security -- one day before a likely vote to increase the national debt by an ...

*(CNN) — The US House of Representatives voted overwhelmingly on Wednesday to pass a debt limit deal that will be in effect through January 1, 2025. It was a way for lawmakers to prevent a ...