A new debt ceiling was established this week, setting up a debate for the months ahead about averting a government default. The parameters of that coming standoff are already making Donald Trump ...

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 ...

The nation’s debt ceiling was reinstated Thursday, giving congressional Republicans yet another divisive challenge to contend with in 2025. President-elect Donald Trump is demanding that GOP ...

Here is a list of our partners and here's how we make money. Updated on Jan. 2. The debt ceiling, or debt limit, is the total amount the U.S. government can borrow in order to meet its existing ...

WASHINGTON – US President-elect Donald Trump on Dec 29 said the 2023 debt ceiling extension agreed by then House Speaker Kevin McCarthy and President Joe Biden will “go down as one of the ...

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 ...

“Treasury expects to hit the statutory debt ceiling between January 14 and January 23,” Yellen wrote in a letter addressed to House and Senate leadership, at which point extraordinary measures ...

Washington: US Treasury Secretary Janet Yellen says her department is likely to begin taking special accounting manoeuvers sometime in mid-January to avoid breaching the US debt limit, and urged ...

WASHINGTON (Reuters) -U.S. President-elect Donald Trump said on Sunday the 2023 debt ceiling extension agreed by then House Speaker Kevin McCarthy and President Joe Biden will "go down as one of ...

Under a 2023 budget deal, Congress suspended the debt ceiling until Jan. 1, 2025. The U.S. Treasury will be able to pay its bills for several more months, but Congress will have to address the ...

Treasury Secretary Janet Yellen warned Congress that the country could hit its debt ceiling as soon as Jan. 14 in a letter sent Friday. Yellen said in the letter that the debt ceiling could be ...