This critical action allows the government to continue borrowing to meet its legally binding financial obligations.

President-elect Donald Trump said on Tuesday that he wants the U.S. Congress to extend the nation's debt ceiling, adding that ...

On Wednesday's "Rob Schmitt Tonight," Senator Rand Paul joined to talk about President-elect Donald Trump's agenda, explained ...

A unified government under President-elect Donald Trump is unlikely to lead to a quick resolution of the U.S. debt-ceiling ...

The nation’s debt ceiling was reinstated Thursday, giving congressional Republicans yet another divisive challenge to contend ...

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

Treasury Secretary Janet Yellen said Friday she expects the U.S. will officially run up against its borrowing limit in mid- ...

Treasury Secretary Janet Yellen says her agency will need to start taking “extraordinary measures,” or special accounting ...

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

When the debt limit is reached, the Treasury Department ... around various government accounts to delay an actual default on US obligations. “Treasury currently expects to reach the new limit ...

The United States could come up against its debt ceiling as soon as in mid-January, Treasury Secretary Janet Yellen said Friday, urging Congress to "act to protect the full faith and credit" of the ...

Download the App Here’s how it went down: The United States hit its $31.381 trillion debt ceiling, or limit, on Jan. 19, 2023. Once that debt limit was reached, the federal government became at ...