Treasury Secretary Janet Yellen warned Congress on Friday that the U.S. will hit its debt limit unless the government ...
Rather than a restraint, it serves as an incentive for more spending. The time is ripe for lasting reforms.
Hours to go before a midnight deadline, the Senate is preparing to give final approval to a new plan from Speaker Mike ...
Incoming Senate Majority Leader John Thune (R-S.D.) on Thursday stopped short of embracing a proposal to add language to a ...
Called the debt limit or debt ceiling, it institutes a cap on how much debt the federal government can accrue. The problem with this idea, though, is that it mandates that the barn door stay ...
House Republicans have reached an agreement on funding the government before Friday's shutdown deadline. The deal would also ...
Although President-elect Donald Trump wanted to start 2025 without having to worry about the debt ceiling, he did not get his wish.
When Republicans won unified control of government, they also won the responsibility to address the country’s debt limit.