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, ...

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 government hit the debt ceiling back in January which blocked any net new debt from being created from January to June. Read more here.

Treasury Secretary Scott Bessent told lawmakers Tuesday that a fresh estimate of when the United States will run out of cash to pay its bills is “forthcoming,” adding that the debt ceiling is already ...

WASHINGTON, D.C. — Congress is taking action Thursday to avert a government shutdown. However, lawmakers are doing so by not addressing the debt ceiling. Treasury Secretary Janet Yellen has said if ...

Add Yahoo as a preferred source to see more of our stories on Google. WASHINGTON – Treasury Secretary Scott Bessent urged congressional leadership to raise the debt ceiling by mid-July, in a letter ...

Concern over a possible default is expected to intensify in the coming weeks as Congress debates raising the U.S. debt ceiling. The debt limit debate probably sounds like a complicated economic issue.

Members of the House on Tuesday pushed through a short-term increase to the nation's debt limit, ensuring the federal government can continue fully paying its bills into December and temporarily ...

President-elect Donald Trump said Thursday that Congress should get rid of the debt ceiling, a day after he and Elon Musk came out against a deal reached by congressional lawmakers to fund the ...