President-elect Donald Trump on Wednesday rejected Congress' bipartisan plan that would have temporarily funded the government and dodged a serious shutdown that could begin on Friday night. But Trump ...

President Biden has signed a debt ceiling increase, raising the government's borrowing limit and averting a potential default on the national debt. The White House announced the bill signing in an ...

This study aims to explore the impacts of U.S. debt ceiling uncertainty on crude oil markets and further reveal the specific influence mechanisms. Design/methodology/approach – This paper introduces a ...

You may have missed it amid your New Year’s Eve revelry, but the United States Congress is now, as of the stroke of midnight on Jan. 1, officially in violation of the federal debt limit. That’s ...

President-elect Donald Trump on Wednesday rejected Congress' bipartisan plan that would have temporarily funded the government and dodged a serious shutdown that could begin on Friday night. But Trump ...

WASHINGTON − Lawmakers are turning their backs on passing a short-term debt limit increase that would delay a default on the nation’s debt as President Joe Biden and House Republicans remain ...

House Republicans sent negotiators to the White House yesterday. Leaders in Washington continue to negotiate a debt ceiling deal. Samuel Corum / Getty Images file Live coverage of the debt ceiling ...

President Joe Biden signed legislation Saturday to allow the U.S. government to continue accruing debt while imposing caps on federal spending—closing out a chaotic and politically divisive chapter of ...

The country is careening close to defaulting on its debts if the debt limit is not increased, and a slim majority of Americans want the debt limit to be raised without making spending cuts, a new ...

Every year, the U.S. government spends more money than it takes in. In order to fund all that spending, the country takes on debt. Congress has the power to limit how much debt the U.S. takes on.