A deal allowing the US to borrow more ... Republicans in approving the 99-page bill to raise the debt ceiling, allowing it to pass the House by the required simple majority. With Republicans ...

The U.S. Senate passed a House-approved bill late Thursday to suspend the national debt limit and put a lid on government spending for two years, and President Joe Biden is expected to sign the ...

President Biden and House Speaker Kevin McCarthy (R-Calif.) reached a tentative deal on raising the nation's $31.4 trillion debt limit, giving Congress time to pass it before June 5, when the ...

The US debt ceiling is once again emerging as the Federal Reserve continues to unwind its balance sheet, putting the central ...

Democratic President Joe Biden and the Republican-controlled House of Representatives reached a debt ceiling agreement last year that lifted the government's $31.4 trillion borrowing limit ...

Elon Musk Calls For 'Strong-Willed President' After GOP Rep Warns 'Economic Catastrophe Must Happen' Before Congress Gets Serious About 'Out-Of-Control Spending' 'Yikes:' Elon Musk Startled As US ...

A potentially unified US government could make it easier to reach an agreement to suspend or lift the debt ceiling ... Congress passes legislation to suspend or lift the ceiling.

The tacit bipartisan consensus to ignore the problem has consequences. Fitch downgraded U.S. credit, citing political instability and mounting national debt. One of the most damaging bipartisan ...

Democratic President Joe Biden and the Republican-controlled House of Representatives reached a debt ceiling agreement last year that lifted the government's $31.4 trillion borrowing limit ...

The debt cap is set to be reinstated at the start of next year, prompting the Treasury to take measures to avoid breaching that level before Congress passes ... House. “The timing of the debt ...