Speaker Mike Johnson (R-La.) said that congressional Republicans plan to increase the nation’s borrowing limit as a part of a ...

The debt limit fight arose in mid-December after President-elect Donald Trump demanded at the eleventh hour that Republicans ...

Rep. James Clyburn (D-S.C.) said Tuesday that eliminating the debt ceiling is the only area “I really agree with Donald Trump ...

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 ...

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

Sen. Ron Johnson (R-WI) said he will vote against President-elect Donald Trump's plan to eliminate or raise the debt limit.

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

When Republicans won unified control of government during the November elections, they also won the responsibility to address ...

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 United States’s debt limit permits the federal government to spend money it does not have to pay its bills. The debt limit was suspended in mid-2023 through Dec. 31, 2024, allowing the ...