WASHINGTON — The compromise bill to raise the debt ceiling passed its first major test Tuesday night in the House Rules Committee, where it advanced to the House floor in a 7-6 vote, with two of the ...

WASHINGTON - Senate leaders announced an agreement Thursday to extend the government’s borrowing authority into December, temporarily averting an unprecedented federal default that experts say would ...

WASHINGTON — A deal has been reached between Senator Chuck Schumer (D-N.Y.) and Senator Mitch McConnell (R-K.Y.) to temporarily raise the debt ceiling and avoid a default by the Treasury Department.

Earlier today, the U.S. Senate voted in favor of a budget agreement that would allow the nation to raise its debt ceiling while making trillions of dollars in cuts to government spending programs.

The debt ceiling deal would raise the debt ceiling until January 2025 and includes various spending cuts and deficit reduction measures.

The House of Representatives on Thursday passed a sweeping two-year budget and debt limit deal that would stave off the looming threat of a potential default on US debt and prevent automatic spending ...

On Thursday, the White House announced that President Joe Biden has called together a group of top aides to study “all legal and policy options” for preventing future debt ceiling standoffs. The group ...