President-elect Donald Trump has called on Congress to extend the U.S. debt ceiling, emphasizing that avoiding a federal default is his top priority. The debt ceiling, which expired at the end of 2023 ...

Speaker Kevin McCarthy (R-Calif.) pulled out all the stops last week to move a debt ceiling bill through the House, twisting arms, modifying language and cutting last-minute deals with leery ...

America’s national debt hit $8.27 trillion in March 2006 when then-Sen. Barack Obama, D-Ill., called the national debt “a sign of leadership failure” and promised to vote against raising the debt ...

Prefer Newsweek on Google to see more of our trusted coverage when you search. The passage of the "Limit, Save, Grow Act" plan on Wednesday detailing what actions House Republicans want to see before ...

House Minority Leader Hakeem Jeffries, D-N.Y., on Sunday wouldn't commit to supporting a short-term extension of the debt ceiling and insisted on a "clean" debt ceiling lift, in an exclusive interview ...

Get the facts on the debt ceiling. The debt ceiling is *** cap on how much the country can borrow to pay for what's already been spent. This is like paying off your credit card with money. You're ...

Days from a deadline, President Joe Biden and House Speaker Kevin McCarthy are narrowing in on a two-year budget deal aiming to curb federal deficits in exchange for lifting the nation’s debt ceiling ...