The debt ceiling returned on January 2, but Congress has several months to address it before the nation could default on its obligations. The nation’s debt ceiling was reinstated Thursday, giving ...

In 2023, a stalemate between then-President Joe Biden and congressional Republicans over the debt ceiling prompted panic among financial analysts and everyday Americans alike. The deal they struck, ...

President-elect Trump is headed for a battle over the debt limit with conservative lawmakers who are demanding steep cuts to federal spending that will significantly complicate Trump’s ability to pass ...

You may have missed it amid your New Year’s Eve revelry, but the United States Congress is now, as of the stroke of midnight on Jan. 1, officially in violation of the federal debt limit. That’s ...

Of the many problems likely to be caused by the GOP’s extremely narrow margins in the House next year, the debt ceiling, for now, seems to be the one that has most captured Trump’s attention. Truth ...

The federal debt limit is not the same as funding the government. If the U.S. defaults on its debt, the ramifications are different than when Congress fails to fund the government. The recently ...

President Donald Trump and key Senate Republicans are still grasping for a solution to the US government closing in on breaching its legal borrowing limit following a White House meeting Thursday. The ...

WASHINGTON, DC: A view of the U.S. Capitol during morning rush hour. (Photo by Drew Angerer/Getty Images) Extending the U.S. debt ceiling will be one of the first fiscal matters in need of attention ...