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 ...

The wonky economic fight boils down to this: How much are poor people gonna have to pay to spring the White House from the GOP's latest trap? Colorlines is the leading source for accessible media on ...

In 2023, a stalemate between then-President Joe Biden and congressional Republicans over the debt ceiling prompted panic among financial analysts and everyday Americans alike. The deal they struck, ...

The debt ceiling does nothing to enforce fiscal discipline—and threatens real economic harm. Congress should drop this outdated and dangerous charade. President Trump is right. We should junk the debt ...

Ms. Warren is a Democratic senator from Massachusetts and was a candidate for president in 2020. It is possible that hell has frozen over. President Trump and I agree on something very important: ...

WASHINGTON - House Speaker Kevin McCarthy said Saturday that Republican negotiators were "closer to an agreement" that would resolve the looming debt crisis, but had not reached a deal with President ...

Rep. Dan Newhouse (R-Wash.) doesn’t think scrapping the debt limit, as President Donald Trump suggested, is the wisest decision. He does, however, sympathize with the reason Trump and some others are ...

WASHINGTON, March 26 (Reuters) - The U.S. government will probably risk defaulting on some of its $36.6 trillion in debt as soon as August - or possibly even by late May - unless Congress acts to ...

The clock is ticking for lawmakers to raise the nation’s debt limit to avert a default that could have catastrophic economic consequences as Republicans mull whether to include a provision to increase ...

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 ...