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 cap on how much the government can borrow has become a political football, but the consequences are very real.

President-elect Donald Trump on Wednesday rejected Congress' bipartisan plan that would have temporarily funded the government and dodged a serious shutdown that could begin on Friday night. But Trump ...

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 ...

WASHINGTON (NEXSTAR) — The pressure is on in Congress to increase the United States’ debt limit before the nation runs out of cash next month. “We must do this. We believe it’s an imperative to do it, ...

Congress and the White House barrel toward a June 1 deadline to resolve a debate over the debt ceiling, putting the credit and trust of the United States on the line. The Congressional Budget Office ...

Concern over a possible default is expected to intensify in the coming weeks as Congress debates raising the U.S. debt ceiling. The debt limit debate probably sounds like a complicated economic issue.

The government hit the debt ceiling back in January which blocked any net new debt from being created from January to June. The blended interest rate has stabilized around 3.1%. More concerning is the ...

We disagree with President Trump on many things, but we can find common ground on abolishing the debt ceiling. We’ve called for an end to the debt ceiling multiple times, and we’re asking our ...