Should Congress fail to act on that threat and not raise the debt ceiling, Americans could experience severe consequences — retirement savings would be depleted, mortgage and student-loan ...

Washington has until the late spring or summer to raise the borrowing limit past its $36 trillion cap, setting up a test with ...

Not many people outside the Beltway truly understand what the US's debt ceiling is or how and when it needs to be raised. And Senate Republicans are banking on that. Here's the link the GOP would ...

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 ...

But this is not the first time Yellen has raised concerns about the debt ceiling. In 2021, she called the debt limit 'destructive' as she argued it should be eliminated, the New York Times reports.

The US Treasury hit its $36 trillion debt ceiling a day after President Donald Trump’s inauguration on Jan. 20. A “debt issuance suspension period” began then and was set to last until March ...

Senate Majority Leader John Thune has deputized a folksy Louisiana lawmaker known for his blunt political observations and creative analogies to take the lead in convincing President Donald Trump ...

Long an anachronism of American politics, the debt ceiling is back front and center on Capitol Hill as lawmakers grapple with trying to pass a budget. President-elect Donald Trump threw a monkey ...