While many Democrats and budget experts see the debt ceiling as a problem, some fiscal conservatives think it has helped ...

President-elect Donald Trump confounded members of Congress and flipped the government spending debate on its head when he ...

The debt ceiling is the limit placed by Congress on the amount of debt the government can accrue. In order to pay its bills ...

The reality is that a U.S. government default would be unprecedented, and many experts have said it would likely lead to ...

Donald Trump wants Congress to abolish the debt limit before he takes office and it is pushing the government to the brink of ...

A debate over the debt ceiling is at the center of a dispute over funding that is pushing Washington to the brink of a ...

Democrats have long called for eliminating the debt ceiling. Sen. Elizabeth Warren signaled support for Trump's unexpected ...

CDLAC has a population-based formula to determine the cap. CDLAC was created to set and allocate California's annual debt ...

Large swaths of the U.S. government could temporarily close at midnight on Friday if Congress does not approve a stopgap ...

Democratic Senator Elizabeth Warren of Massachusetts said that she believes President-elect Donald Trump is "exactly right" ...

Republican hardliners who normally are ardent supporters of President-elect Donald Trump are resisting his push to raise the ...

President-elect Donald J. Trump was forced to negotiate with Democrats over the borrowing cap during his first term.