The federal debt limit has no practical value. This suggests that ending it would be a good idea. Yet the laws of unintended ...

President-elect Trump is headed for a battle over the debt limit with conservative lawmakers who are demanding steep cuts to ...

U.S. President-elect Donald Trump said on Sunday the 2023 debt ceiling extension agreed by then House Speaker Kevin McCarthy ...

Treasury Secretary Janet Yellen said her department is likely to begin taking special accounting maneuvers sometime in ...

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 ...

Is United States of America headed for a default in 2025? Treasury Secretary Janet Yellen has said she expects the US will ...

The Treasury Department on Friday said the government is beginning to run out of money to finance its debt obligations.

Rather than a restraint, it serves as an incentive for more spending. The time is ripe for lasting reforms.

President-elect Donald Trump is ready to do away with it, not that he was at any risk of having it used against him.

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 ...

Treasury Secretary Janet Yellen said her department will soon need to take "extraordinary measures" to prevent the US from ...

Janet Yellen is asking Congress to raise or suspend the debt limit so the treasury can keep paying its bills until June.