WASHINGTON — The Senate voted Thursday to raise the ceiling on the government debt to $12.4 trillion, an increase over the current limit and a political problem that President Barack Obama has ...

WASHINGTON — Fending off a U.S. default, the Senate gave final approval late Thursday to a debt ceiling and budget cuts package, grinding into the night to wrap up work on the bipartisan deal and send ...

WASHINGTON -- While the concept of the debt ceiling might seem "in the weeds," it actually poses a very real threat to millions of Americans in a precarious economic period. If lawmakers on Capitol ...

Senate leaders unveiled a deal Wednesday to reopen the government and avoid a potential debt default that does virtually ...

President Joe Biden and top congressional leaders opened their second meeting Tuesday in talks over raising the nation's debt limit. Biden met with House Speaker Kevin McCarthy, R-Calif., Senate ...

WASHINGTON -- Seeking to strike a reassuring tone despite days of negotiations, President Joe Biden said Thursday afternoon that he's had several "productive conversations" with House Speaker Kevin ...

The president-elect is hoping to avoid “extraordinary measures” that would push a deadline to default on the U.S.’s debt during the early months of his administration.

WASHINGTON — Ending a perilous stalemate, President and congressional leaders announced agreement Sunday night on an emergency deal to avoid to avert the nation’s first-ever financial ...

*(CNN) — The US House of Representatives voted overwhelmingly on Wednesday to pass a debt limit deal that will be in effect through January 1, 2025. It was a way for lawmakers to prevent a ...