WASHINGTON, D.C. — Congress is taking action Thursday to avert a government shutdown. However, lawmakers are doing so by not addressing the debt ceiling. Treasury Secretary Janet Yellen has said if ...

Speaker Mike Johnson's plan to fund the government, endorsed by President-elect Donald Trump, was roundly rejected by the ...

Reading the debt ceiling standoff as a choice between two strategic targets ...

Senate Republicans are backing a budget package that would raise the debt ceiling by $5 trillion, the largest increase in U.S. history, raising questions about its economic impact. The proposal is ...

Congress’ official budgetary scorekeeper projected Tuesday that the federal government will risk a default on its debt around the end of September if Congress does not raise the debt ceiling before ...

If the U.S. defaults on its debt, the government would fail to meet its financial obligations to bondholders. This would trigger widespread economic disruption. While the U.S. has never fully ...

The U.S. debt ceiling is not a particularly interesting topic, but it's the limit our government can spend before it defaults — almost like a consumer credit card. And while it's just a number to many ...

Federal debt held by the public now surpasses the total value of the nation's economic output. Here's why experts say that's a concern.

The federal debt passed an uncomfortable milestone this year, outgrowing the entire U.S. economy. That poses risks, but policymakers show little sign of addressing it.