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 ...

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

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

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 ...

President-elect Donald Trump said Thursday that Congress should get rid of the debt ceiling. Here's what it is and what that ...

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

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

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

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