Add Yahoo as a preferred source to see more of our stories on Google. The debt ceiling is the limit placed by Congress on the amount of debt the government can accrue. In order to pay its bills to ...

Staying below the $14.3 trillion ceiling would require spending cuts or tax increases that are far greater than leaders of either party are... Every day, the federal government spends more money than ...

Rep. Dan Newhouse (R-Wash.) doesn’t think scrapping the debt limit, as President Donald Trump suggested, is the wisest decision. He does, however, sympathize with the reason Trump and some others are ...

Biden had insisted on approving the debt ceiling with no strings attached, saying the U.S. always pays its bills and defaulting on debt is non-negotiable. But he launched negotiations after House ...

Since the start of President Donald Trump's second term, the weight of the world, or at least of global markets, international trade, and geopolitical relations, has fallen on the shoulders of ...

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 ...

The debt ceiling does nothing to enforce fiscal discipline—and threatens real economic harm. Congress should drop this outdated and dangerous charade. President Trump is right. We should junk the debt ...

You can’t undo what’s been done. Maybe Chuck Schumer should have forced a government shutdown by filibuster. But that chapter is in the past. Looking down the road, the next big conflict on the ...

WASHINGTON — The US could default on its $36 trillion debt as early as July and no later than October without congressional action, according to a study released Monday. The Bipartisan Policy Center ...

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, ...