Staying below the $14.3 trillion ceiling would require spending cuts or tax increases that are far greater than leaders of either party are... Every day, the federal government spends more money than ...

Biden had insisted on approving the debt ceiling with no strings attached, saying the U.S. always pays its bills and defaulting on debt is non-negotiable. But he launched negotiations after House ...

Melissa Quinn is a senior reporter for CBSNews.com, where she covers U.S. politics, with a focus on the Supreme Court and federal courts. In a statement Wednesday, Trump and Vance lambasted the ...

Among the measures being debated by Congress to avert a government shutdown is increasing the debt ceiling — or eliminating it entirely. It's arguably the most unusual demand from President-elect ...

2013-08-31T08:48:42-04:00 https://ximage.c-spanvideo.org ...

WASHINGTON — House Speaker Kevin McCarthy said Thursday that "every hour matters" as his team scrambles to finalize a budget deal with the White House that would enable the government to avoid a ...

As it stands the debt limit is 31.4 trillion dollars, which is more money than, say, the GDP of Ethiopia.