More than $1 trillion in U.S. short-term bills are expected to flood the market over the next 1-1/2 years following the ...

Failing to raise the debt limit before the Treasury runs out of cash could trigger further credit downgrades and roil ...

As part of Trump’s tax-and-spend bill, Republicans extended the debt limit by $5 trillion, leaving some wondering if the policy of setting any limit is outdated.

In a sweeping new fiscal package, lawmakers have unveiled a major overhaul of tax policy, federal spending, and entitlement ...

The enormous surge in the national debt comes as Congress and President Trump approved the latest omnibus spending bill, ...

The U.S. government’s debt is not a cause for concern, as it is self-funded and the Federal Reserve can always step in to ...

News about Federal Debt Ceiling (National Debt), including commentary and archival articles published in The New York Times.

The U.S. is expected to hit its debt ceiling Thursday, forcing the Treasury to take "extraordinary measures" to pay off its bills. A political stalemate could lead to an unprecedented federal default.

The national debt has increased $4.7 trillion since Biden took office in January 2021, and is expected to keep rising in the face of annual budget shortfalls of at least $1 trillion per year.

And the national debt, and the limit, have continued to rise. The limit and the debt neared the trillion-dollar level for the first time late in the 1970s.

The clock is ticking faster on the nation’s debt ceiling drama. Exactly when the federal government will no longer be able to pay its bills in full and on time is not known, but it could come as ...

Debt subject to the limit is more than 99% of total federal debt. It includes debt held by the public, used to finance budget deficits and debt issued to federal government accounts, used to meet ...