GOP leaders are staring down two bad options to solve President-elect Donald Trump’s debt-limit problem, after failing to execute his demand to lift the federal borrowing cap in the last ...
The new ceiling is the amount of outstanding debt subject to the limit at the end of the previous day. That figure stood at just over $36.1 trillion on December 31, up from $31.4 trillion in June ...
Conservatives now say Trump will need to agree to deep cuts in spending if he wants their support for raising the debt limit in 2025. “We’re about 33 percent overdrawn. We bring in about $4.8 ...